Is Uniswap (UNI) Price Set to Explode After a Key Breakout? $23 Target in Sight!

2025-1-1 23:00

Uniswap is making waves in the crypto market after breaking free from its downward pattern. Prominent analyst CW shared on X (formerly Twitter) that UNI’s price has completed a critical retest after breaking out of a falling wedge. This retest has strengthened bullish sentiment, with analysts eyeing a potential price target of $23.

Uniswap Chart Analysis

Looking at the chart, UNI was stuck in what traders call a falling wedge—basically, the price kept making lower peaks and valleys, with the lines getting closer together. But now, UNI’s price has pushed above the top line, which could mean its days of going sideways are done and it might be ready to climb.

What’s really interesting is how UNI dipped back down to test the breakout point before heading up again. When this happens, it often means the upward move isn’t just a fluke – it’s got some real strength behind it.

Image Source: X/CW Support and Resistance Levels in Focus

Key technical levels play a vital role in understanding UNI’s price action. The retest level aligns with prior support zones, indicating that buyers are stepping in to defend this area. On the resistance side, the token faces challenges near its previous swing highs, which were established before the wedge formation began.

The analysis suggests that surpassing these resistance levels could pave the way for UNI to target $23, a price projected using the height of the wedge pattern. Historical trends in similar setups lend further credibility to this target.

Read Also: Bitcoin Price Could Dip Further, Warns Expert – Here’s Why

Volume and Broader Market Trends

Volume analysis often complements breakout patterns, and while detailed volume data was not provided, such breakouts are typically accompanied by increased trading activity. This reflects heightened interest from buyers. Additionally, UNI’s upward breakout aligns with the broader market trend, which remains bullish, further supporting the possibility of continued gains.

CW emphasizes that UNI has maintained its bullish structure, as the price did not breach previous lows. This stability reinforces the optimistic outlook, with the $23 target remaining intact. The combination of technical analysis and social sentiment has positioned UNI as a token to watch closely in the coming weeks.

As market conditions evolve, traders and investors are closely monitoring whether UNI’s price can sustain this momentum and achieve its projected target.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Is Uniswap (UNI) Price Set to Explode After a Key Breakout? $23 Target in Sight! appeared first on CaptainAltcoin.

origin »

Universe (UNI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 UNI

breaking price uniswap uni formerly shared prominent

Источник: captainaltcoin.com

breaking price → Результатов: 126


Bitcoin Price to Retest $60k Level Again – Will BTC Finally Break Out?

Bitcoin’s price surged by 4.7% yesterday, bringing it close to breaking into a new hourly higher high. In a recent analysis, Cheeky Crypto addresses the short-, medium-, and long-term views for Bitcoin, questioning whether the market is on the verge of a significant breakout above the $60,000 or if the recent movement was merely an […] The post Bitcoin Price to Retest $60k Level Again – Will BTC Finally Break Out? appeared first on CaptainAltcoin.

2024-8-17 12:25


Avalanche holds above $30 despite politics-driven crypto dip

Avalanche (AVAX) hovered above $30 after breaking out from lows of $26 last week. Despite overall dip in crypto amid latest US politics news, AVAX looked poised for more gains. The price of Avalanche (AVAX) continues to hover above $30 as the altcoin holds onto gains despite a broader crypto market dip in the past […] The post Avalanche holds above $30 despite politics-driven crypto dip appeared first on CoinJournal.

2024-7-23 12:15


Фото:

ORDI price soars as futures open interest surge and inscription fees decline

In recent weeks, Ordinals (ORDI), a BRC-20 token, has captured the attention of the cryptocurrency market with its remarkable performance and promising future prospects. ORDI has experienced a substantial price surge of 27% over the past week, breaking through the critical $50 resistance level and solidifying its position as a dominant altcoin. ORDI Futures Open […]

2024-6-7 18:38


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How High Cardano (ADA) Price Can Go In December?

Cardano (ADA) has had a rough few weeks, and the selling pressure hasn’t fully settled. Even so, ADA is back in the conversation after several developments around its governance, network stability, and the latest liquidation wave.

Here’s Where MYX Finance (MYX) Price Could Be Headed In December

As the week begins, MYX Finance (MYX) is already showing increased activity amid rising speculation about what comes next. Traders are paying close attention to the project again, especially with talk of a possible Binance listing and renewed interest around the V2 upgrade.