Uniswap

Bitcoin

Resistance

UNI price is moving higher from the $6.00 support. Uniswap is up 5% and it could rally if there is a clear move above the $6.35 resistance zone. 
<ul> 
 <li>UNI started a fresh increase from the $5.50 support zone.</li> 
 <li>The price is trading above $6.00 and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bearish trend line forming with resistance near $6.20 on the 4-hour chart of the UNI/USD pair (data source from Kraken).</li> 
 <li>The pair is showing bullish signs and might rally if it clears the $6.35 resistance.</li> 
</ul> 
<h2 id="uni-price-aims-higher">UNI Price Aims Higher</h2> 
After forming a support base above $5.65, UNI started a fresh increase. There was a decent upward move in Uniswap above the $6.00 and $6.20 resistance levels. 
However, the bears were active near the $6.35 zone. A high was formed at $6.33 before there was a downside correction. The price declined below the $6.20 level. There was a move below the 23.6% Fib retracement level of the upward move from the $5.53 swing low to the $6.33 high. 
It tested the $6.00 support and the 50% Fib retracement level of the upward move from the $5.53 swing low to the $6.33 high. Uniswap is rising again above the $6.10 level, outperforming <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-aims-higher-45000/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-vulnerable-2400/" target="_blank" rel="noopener ">Ethereum</a>. 
UNI price is trading above $6.00 and the 100 simple moving average (4 hours). Immediate resistance on the upside is near the $6.20 level. There is also a key bearish trend line forming with resistance near $6.20 on the 4-hour chart of the UNI/USD pair. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-573536" src="https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461" alt="UNI Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/02/Uniswap-UNI.png?resize=1024%2C461?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 is near the $6.35 level. A close above the $6.35 level could open the doors for more gains in the near term. The next key resistance could be near $7.00, above which the bulls are likely to aim a test of the $7.20 level. Any more gains might send UNI toward $7.50. 
<h2 id="dips-supported-in-uniswap">Dips Supported in Uniswap?</h2> 
If UNI price fails to climb above $6.20 or $6.35, it could start another downside correction. The first major support is near the $6.00 level. 
The next major support is near the $5.85 level. A downside break below the $5.85 support might open the doors for a push toward $5.50. 
Technical Indicators 
4-Hours MACD – The MACD for UNI/USD is gaining momentum in the bullish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for UNI/USD is above the 50 level. 
Major Support Levels – $6.00, $5.85 and $5.50. 
Major Resistance Levels – $6.20, $6.35 and $7.00.

UNI Price Prediction – Uniswap Bulls Sight Key Bullish Move To $7

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