UNI Price Prediction – After 25% Rally Uniswap Turned Attractive On Dips

Nov 24, 2023 06:00 am Cryptocurrency 143

UNI price rallied over 25% and climbed above $6.20. Uniswap is now consolidating gains and any dips might be attractive to the bulls in the near term.

UNI started a fresh increase above the $5.20 and $6.00 resistance levels.

The price is trading above $5.80 and the 100 simple moving average (4 hours).

There was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI/USD pair (data source from Kraken).

The pair might correct lower, but the bulls could be active near the $5.60 and $5.55 levels.

UNI Price Regains Strength

After forming a support base above $4.80, UNI started a fresh surge. The bulls were able to push Uniswap’s price above the $5.25 and $5.30 resistance levels, outperforming Bitcoin and Ethereum.

There was a break above a key declining channel with resistance near $5.25 on ..

Support the originator by clicking the read the rest link below.