Uniswap

The post <a href="https://coinpedia.org/price-analysis/uni-price-signals-bullish-break-to-cross-8-is-it-worth-buying/">UNI Price Signals Bullish Break To Cross $8: Is It Worth Buying?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Facing a rejection in August, the UNI token price failed to surpass the $6.680 mark, resulting in a huge pullback. Falling to the bottom levels of $4, the more than 40% pullback led to a medium-term consolidation range.&nbsp; 
Trading between the $4 and $4.90 levels, the consolidation range coiled up too much trend momentum. With the market recovery igniting a bullish spark in Uniswap, the buyers cracked the consolidation range, leading to a bullish break.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/28142319/UNIUSD_2023-11-28_14-00-33-1024x480.png" alt="" class="wp-image-249350" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/28142319/UNIUSD_2023-11-28_14-00-33-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/28142319/UNIUSD_2023-11-28_14-00-33-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/28142319/UNIUSD_2023-11-28_14-00-33-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/28142319/UNIUSD_2023-11-28_14-00-33-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/28142319/UNIUSD_2023-11-28_14-00-33-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/28142319/UNIUSD_2023-11-28_14-00-33.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/0tCwxNpX/">Tradingview</a> 
Moreover, the breakout rally exceeds the 50D and 200D EMA with a boom in the intraday trading volume. The breakout rally marks a strong bullish comeback in the UNI price trend as it reclaims the $6 mark, with a 56% jump within five weeks.&nbsp; 
Currently, the UNI price trades at $6.20 with an intraday fall of 1.32%, teasing a short reversal. Further, the Uniswap trend displays a rounding bottom pattern in the daily chart.&nbsp; 
The ongoing struggle to prolong the uptrend is because of the excessive supply at the neckline of the rounding bottom. Anyhow, a bullish breakout of this trend continuation pattern will fuel the uptrend in the Uniswap price chart.&nbsp; 
Technical Indicators: 
RSI indicator: The RSI line displays a bearish divergence in the past two peaks, leading to a small pullback.&nbsp;Nevertheless, the momentum indicator stays close to the overbought boundary, reflecting a significant underlying demand. 
EMA: The 50D and 200D meet and tease a golden crossover to certify a trend reversal in Uniswap prices.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-uni-price-get-a-bullish-break">Will The UNI Price Get A Bullish Break?</h2> 
The UNI price can skyrocket and fracture the overhead neckline because the market conditions improve in a few days. Getting a bullish breakout, the unleashed trend momentum can retest the $8 mark, accounting for a 27% hike. 
Conversely, if the price drops under $6, then a retest of $5.73 is possible.&nbsp;

UNI Price Signals Bullish Break To Cross $8: Is It Worth Buying?

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