UNI has broken through the resistance at $10.50, showing strong bullish momentum.
Currently trading above $11.20, supported by the 100 hourly simple moving average.
Noticed a significant break above the downtrend line at $10.35. The bulls are eyeing further gains above $12.00 in the near term.
Uniswap's price found a base above $9.20 and began to rise, mirroring the movements of Bitcoin and Ethereum.
This is followed by an increase in the price of other crypto coins also in the defi field such as $CAKE $BAKE $CREAM
$UNI The price broke above key resistance levels at $9.80 and $10.00. The price broke above the downtrend line at $10.35 and continued to rise above $10.50 and $11.50, approaching the $12.00 mark. A top was formed near $11.795, with the price currently consolidating around the 23.6% Fibonacci retracement level of the rise from $9.28 to $11.95.
If UNI fails to break the $11.95 or $12.00 resistance, it could correct lower. Key support lies at $11.00 and $10.60, which aligns with the 50% Fibonacci retracement level from $9.28 to $11.95. A drop below $10.60 could result in a drop to $10.20.
UNI is currently above $11.17 and the 100 hourly simple moving average. The immediate resistance is at $11.55, followed by the major resistance at $12.00. A close above $12.00 could lead to a higher rally, with targets at $12.20, $12.50, and potentially $13.50.
