Uniswap

<ul class="news-points"> 
 <li><strong>Ali revealed in an X post that there are 2 supply walls currently standing in the way of a UNI breakout.</strong></li> 
 <li><strong>According to the post, UNI has formed a strong support wall at $4.</strong></li> 
 <li><strong>At press time, indicators suggested that buyers were losing strength on UNI’s daily chart.</strong></li> 
</ul> 
<p>The cryptocurrency trader and analyst Ali revealed in an X post yesterday that <a href="https://coinedition.com/tag/uniswap-uni/">Uniswap (UNI)</a> 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.</p> 
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   <p lang="en" dir="ltr">Even though <a href="https://twitter.com/hashtag/Uniswap?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Uniswap</a> built a key support floor at $4, there are 2 supply walls it needs to overcome to signal a bullish breakout.<br><br>One is at $4.23, where 7,000 addresses bought 14.24 million <a href="https://twitter.com/hashtag/UNI?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#UNI</a>, and the other one is at $4.45, where 2,000 addresses hold 10.28 million <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$UNI</a>. <a href="https://t.co/BwtxWHtMJF" target="_blank" rel="nofollow">pic.twitter.com/BwtxWHtMJF</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1718699712918741126?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 29, 2023</a>
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<p>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…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/uni-will-need-to-overcome-2-supply-walls-before-it-can-breakout/">UNI Will Need to Overcome 2 Supply Walls Before It Can Breakout</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

UNI Will Need to Overcome 2 Supply Walls Before It Can Breakout

Coin Edition

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