The cryptocurrency trader and analyst Ali revealed in an X post yesterday that Uniswap (UNI) will need to overcome two supply walls before it can enter into a bullish breakout. According to the post, the altcoin established a strong support floor at $4. The first barrier that UNI...
- Ali revealed in an X post that there are 2 supply walls currently standing in the way of a UNI breakout.
- According to the post, UNI has formed a strong support wall at $4.
- At press time, indicators suggested that buyers were losing strength on UNI’s daily chart.
The cryptocurrency trader and analyst Ali revealed in an X post yesterday that Uniswap (UNI) will need to overcome two supply walls before it can enter into a bullish breakout. According to the post, the altcoin established a strong support floor at $4.
The first barrier that UNI will need to break above is the resistance level at $4.23, noted the analyst. At this price point, there are 7,000 addresses that bought 14.24 million UNI, according to on-chain data. Thereafter, the cryptocurrency will need to surpass $4.45, which is where 2,000 addresses currently hold 1…
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