Uniswap's Critical Moment: 🚨🚨Are We Breaking Out or Breaking Down? High Alert for Uniswap Holders💥The price now trades around $13.4, teasing traders with the possibility of a bullish breakout or another leg down.
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👀Currently, the chart suggests two scenarios. The first is a potential bullish reversal forming near support at $12-$10.7, with the price aiming for a retest of the $14.5-$15 resistance zone. This zone aligns with major moving averages, making it a key level to watch. A breakout here could trigger fresh momentum, pushing UNI towards $16.5 or higher.
The second scenario points to a bearish retest. If UNI fails to reclaim $14.5, the price could drop below $13, targeting support at $12 and potentially even $10.7. But There will be another Drop from $12-$10.7 before the price will go Up🚀🚀
For traders, patience is key. Wait for volume-backed moves to confirm direction. Whether you're bullish or bearish, keep your eyes on the $14.5-$15 zone and prepare for potential volatility.
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