he MACD indicator also exhibits a bullish Recently, the UNI price has embarked on an upward trendline, followed by a period of stability around $9.25.
The BuRRow, an analyst, noted that in Uniswap (UNI) the price reached an key level, and pump in price was around 20% in last 24 hours. He further stated that two times from this level price was dumped, and it is the third time.
Mainly, If price manges to broke out of this hurdle on the daily chart, then this could lead its price to run towards higher level. But, if the history repeats itself, then price dump could be massive as well..
According to a recent tweet by an analyst, it was observed that on the daily chart of UNI, there has been a surge from the $9.27 support level, and it currently remains above both the 20-day and 50-day EMAs.
Correspondingly, the MACD indicator also exhibits a bullish crossover, with a rising histogram at 0.034 for UNI, and the RSI flashed above median line at 63.55. These indicators suggest that its gaining pace and could potentially enter an upward trajectory in the future. As all major tools are displaying positive attitude towards the UNI price.
If a strong breakout occurs, the next target for the price of UNI could be at levels such as $13.25 and $15.55. On the other hand, if the price declines, in this scenario, if the price of Uniswap's cryptocurrency fails to maintain its position above the $9.27 level, it may experience further decline.
