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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/new-heights-for-uniswap-uni-token-soars-to-a-two-year-peak" rel="noopener noreferrer nofollow">New Heights for Uniswap: UNI Token Soars to a Two-Year Peak</a><br></p>
<p style="text-align: justify">Recent market activities have propelled the value of Uniswap’s native token, UNI, to a striking two-year zenith, with the price topping out at $12.85 on February 24. Despite a minor fallback, UNI has been riding a bullish wave, shattering long-established horizontal and resistance barriers.</p>
<h2 id="surging-strength-in-uni-s-weekly-performance">Surging Strength in UNI’s Weekly Performance</h2>
<p style="text-align: justify">Analyses of the weekly chart showcase UNI’s persistent ascension from a significant horizontal support zone that began in October 2023. This surge breached a long-standing descending resistance line, which had been in play for over a year. The token’s value commenced a fresh climb early in 2024, crossing another critical horizontal resistance line, peaking last week before experiencing a minor pullback.</p>
<h2 id="daily-chart-points-to-continued-upswing">Daily Chart Points to Continued Upswing</h2>
<p style="text-align: justify">Concurring with the weekly data, daily chart assessments imply a sustained positive trend for UNI. Utilizing the Elliott Wave theory to decipher market patterns, analysts forecast UNI’s trajectory as part of a larger five-wave bullish pattern. Currently, UNI seems to be in the penultimate phase of this pattern, suggesting imminent growth following a brief correction.</p>
<p style="text-align: justify">With technical indicators such as the Relative Strength Index (RSI) standing firm above 70, the potential for UNI’s value to ascend towards the $16.10 resistance level appears likely, which could spell a 50% increase in its price. However, should UNI fail to maintain its upward momentum and breach the $12.10 threshold, it may face a setback towards the $7.80 support level, culminating in a near 30% decline.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/new-heights-for-uniswap-uni-token-soars-to-a-two-year-peak" rel="noopener noreferrer nofollow">New Heights for Uniswap: UNI Token Soars to a Two-Year Peak</a></h5>

New Heights for Uniswap: UNI Token Soars to a Two-Year Peak

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