Rally

Uniswap

Bitcoin

Resistance

UNI price rallied over 25% and climbed above $6.20. Uniswap is now consolidating gains and any dips might be attractive to the bulls in the near term. 
<ul> 
 <li>UNI started a fresh increase above the $5.20 and $6.00 resistance levels.</li> 
 <li>The price is trading above $5.80 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI/USD pair (data source from Kraken).</li> 
 <li>The pair might correct lower, but the bulls could be active near the $5.60 and $5.55 levels.</li> 
</ul> 
<h2 id="uni-price-regains-strength">UNI Price Regains Strength</h2> 
After forming a support base above $4.80, UNI started a fresh surge. The bulls were able to push Uniswap’s price above the $5.25 and $5.30 resistance levels, outperforming <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-rally-40k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-bullish-pattern-2080/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI/USD pair. The pair pumped over 25% and even climbed above $6.20. A new multi-week high was formed near $6.60 and the price is correcting lower. 
There was a move below the $6.25 level. Uniswap is now approaching the 23.6% Fib retracement level of the upward move from the $4.83 low to the $6.60 high. 
UNI is still trading above $5.80 and the 100 simple moving average (4 hours). If there is a fresh increase, the price might face resistance near the $6.40 level. The next key resistance is near the $6.60 level. A close above the $6.60 level could open the doors for more gains in the near term. 
<a href="https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-562233" src="https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468" alt="UNI Price Prediction " width="1024" height="468" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/11/Uniswap-UNI.png?resize=1024%2C468?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/UNIUSD/" target="_blank" rel="noopener nofollow">UNIUSD on TradingView.com</a> 
The next key resistance could be near $6.88, above which the bulls are likely to aim a test of the $7.00 level. Any more gains might send UNI toward $7.20. 
<h2 id="dips-supported-in-uniswap">Dips Supported in Uniswap?</h2> 
If UNI price fails to climb above $6.40 or $6.60, it could correct further lower. The first major support is near the $6.05 level. The next major support is near the $5.70 level. 
The mains support is near $5.55 or the 61.8% Fib retracement level of the upward move from the $4.83 low to the $6.60 high. A downside break below the $5.55 support might open the doors for a push toward $5.00. 
Technical Indicators 
4-Hours MACD – The MACD for UNI/USD is losing momentum in the bullish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for UNI/USD is well above the 50 level. 
Major Support Levels – $6.05, $5.70 and $5.55. 
Major Resistance Levels – $6.40, $6.60 and $7.00.

UNI Price Prediction – After 25% Rally Uniswap Turned Attractive On Dips

목차

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