Uniswap

Bitcoin

Resistance

UNI price started a major increase above the $10.50 resistance. Uniswap is showing positive signs and might eye more upsides above the $12.00 resistance. 
<ul> 
 <li>UNI started a fresh increase above the $10.50 resistance zone.</li> 
 <li>The price is trading above $11.20 and the 100-hourly simple moving average.</li> 
 <li>There was a break above a key bearish trend line with resistance near $10.35 on the hourly chart of the UNI/USD pair (data source from Kraken).</li> 
 <li>The pair might correct gains, but the bulls might eye more upsides above $12.00 in the near term.</li> 
</ul> 
<h2 id="uni-price-regains-traction">UNI Price Regains Traction</h2> 
After forming a base above the $9.20 level, Uniswap started a fresh increase like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-green-70k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-stuck-3840/" target="_blank" rel="noopener ">Ethereum</a>. UNI price gained pace for a move above the $9.80 and $10.00 resistance levels. 
There was a break above a key bearish trend line with resistance near $10.35 on the hourly chart of the UNI/USD pair. The bulls even pushed the price above the $10.50 and $11.50 resistance levels. Finally, the bears appeared near the $12.00 zone. 
A high was formed near $11.795 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $9.28 swing low to the $11.95 high. 
UNI is now trading above $11.20 and the 100-hourly simple moving average. Immediate resistance is near the $11.55 level. The next key resistance is near the $12.00 level. A close above the $12.00 level could open the doors for more gains in the near term. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449"><img loading="lazy" decoding="async" class="wp-image-611468 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449" alt="Uniswap Price (UNI)" width="1024" height="449" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449?w=1950 1950w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI.png?resize=1024%2C449?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
The next key resistance could be near $12.20, above which the bulls are likely to aim a test of the $12.50 level. Any more gains might send UNI toward $13.50. 
<h2 id="are-dips-supported-in-uniswap">Are Dips Supported In Uniswap?</h2> 
If UNI price fails to climb above $11.95 or $12.00, it could start a downside correction. The first major support is near the $11.00 level. 
The next major support is near the $10.60 level or the 50% Fib retracement level of the upward move from the $9.28 swing low to the $11.95 high. A downside break below the $10.60 support might open the doors for a push toward $10.20. 
Technical Indicators 
Hourly MACD – The MACD for UNI/USD is gaining momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for UNI/USD is above the 50 level. 
Major Support Levels – $11.00, $10.60, and $10.20. 
Major Resistance Levels – $11.55, $12.00, and $12.20.

Uniswap Price (UNI) Pumps 20%: Is This the Start of a Major Rally?

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