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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight

Godspower Owie
Godspower Owie
8 months ago
3 mins read
Uniswap

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Uniswap remains on a steady upward path as bullish momentum fuels its push toward the $12.3 mark. After a successful rebound at the $10.3 support level, UNI has shown resilience, with buyers stepping in to sustain the rally. The strong price action reflects growing investor confidence, supported by rising trading volume and favorable technical indicators.

As bulls maintain control, Uniswap’s ability to hold above crucial support zones will be key to extending its gains. A successful move toward $12.3 could reinforce the uptrend, setting the stage for even higher targets if buying pressure continues to build.

UNI’s Price Momentum And Its Path To $12.3 Resistance Level

Evaluating UNI’s price momentum, further gains seem likely, especially following the strong rebound at the $10.3 support level. After a brief pullback, Uniswap found stability at $10.3, which has since acted as a solid base for a renewed upward movement. 

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Uniswap

Uniswap Aims For Recovery – Bulls Take A Stand At $12.3 Support

8 months ago

This rebound signals the resilience of the bulls and reinforces the overall bullish trend. Significantly, the swift recovery above $10.3 reflects robust demand, indicating investors’ optimism about Uniswap’s future performance.

Uniswap
UNI set to reclaim $12.3 level as price rebounds | Source: UNIUSDT on Tradingview.com

From a technical perspective, key indicators align with the bullish outlook. The price is heading toward the key 100-day Simple moving averages (SMA), suggesting continued upward pressure. In addition, the RSI has moved out of oversold territory, signaling that buying momentum is building. 

Trading volume has also experienced an increase of over 25% in the last 24 hours, further confirming that market participants are backing the move higher. These factors combined create a positive environment for Uniswap to extend its rally.

What’s Next For Uniswap If $12.3 Is Reached?

Reaching $12.3 would be a significant milestone for Uniswap, with aims to break through from resistance. This would likely attract more buying interest, strengthening the ongoing bullish momentum. 

A sustained move above $12.3 might drive the price toward even higher levels. UNI would enter new territory, increasing the potential for continued gains. Overall, this move could solidify Uniswap’s bullish outlook in the market.

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Uniswap Bulls Set Sights On $16.9 Resistance As Uptrend Extends

10 months ago

Once $12.3 is breached, the next immediate resistance levels could be around the $15.7 and $17 zones, depending on market conditions and buying interest. If the price maintains upward pressure, it will trigger the continuation of the rally.

Holding above the $12.3 level is crucial for UNI to prevent a pullback. However, should the price fail to maintain this level, a retracement to nearby support zones like $10.3 would occur. In this scenario, defending these support levels will be essential for the bulls to regroup and aim for a renewed push toward higher levels.

Uniswap
UNI trading at $11.8 on the 1D chart | Source: UNIUSDT on Tradingview.com
Featured image from Medium, chart from Tradingview.com
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Godspower Owie
Godspower Owie

Godspower Owie

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

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My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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