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06/17 02:42

Uniswap (UNI) Price May Have Found Its Bottom: Key

Uniswap (UNI) Price May Have Found Its Bottom: Key Signals Point to a Potential Rally Toward $10 Uniswap has spent a long time under persistent selling pressure, within a strong descending trend that is believed to end soon. The token has been forming consistent lower highs and lows and could have formed the bottom of the prevailing bearish trend. The recent rise of nearly 15% in the past 24 hours and over 21% in weekly gains suggests that the bulls have revived their confidence in the token. With UNI price rebounding from multi-year lows and several momentum indicators showing early signs of recovery, traders are beginning to ask whether the token has already formed its cycle bottom. Here’s what the charts are signaling. The Uniswap price in the long-term has remained stuck within a falling wedge since late 2024 and found a strong support near $2.20 to $2.40. The latest rebound pushed UNI back above $3 as the bearish influence over the token has faded to some extent. Currently, the price is attempting to enter a crucial zone between $3.22 and $4.15, where large institutional orders are believed to have been placed. Hence, this area could be acting as a strong resistance as well as a strong support zone. The weekly RSI has reached the lower threshold and is repeatedly attempting to trigger a strong rebound, while DMI is heading towards a bullish crossover. Moreover, the MACD is incremental, heading the average zone, and the levels display the possibility of a potential bullish crossover. With this, the price could probably rise above the wedge and reach the initial target at $4. If the bulls manage to transform $4 into a strong base, the Uniswap price may continue to rise towards higher targets. #2026 World Cup Posting Challenge on HTX Square #HTX Creation Challenge — Post and Win 1,500U 💥

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