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In a recent updateshared by Crypto Man MAB on X, UNI’s price action has taken a bullishturn. The token is currently trading at $8.403, up 1.82% (+$0.150), and has managed to break past the previous resistance range of $ 7.50–$ 8.00. This upward movement signals growing buying interest, and that momentum could be building for a stronger push ahead. Key Support And Resistance Levels Define UNI’s Next Move
In his analysis, Crypto Man MAB highlighted UNI’s evolving price structure, pointing to key support and resistance levels. The immediate support is seen around $7.103, which marks the 24-hour low. If UNIpulls back further, stronger support may be found near $6.500, a level that has previously attracted buying interest and could act as a safety net for bulls. Related Reading Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support 1 month ago
On the upside, resistance stands near $8.677, the recent 24-hour high. This zone is currently capping the rally, but if buying momentumpersists, UNI could target the $9.0 mark next. While this level presents a psychological barrier, it also aligns with short-term bullish projections, adding more weight to its significance. Source: Crypto Man MAB on X
In terms of marketactivity, Crypto Man MAB noted a notable increase in trading volume, which aligns with UNI’s recent price surge. This volume spike suggests that buyers are stepping in with strong conviction, reinforcing the strength behind the upward movement. A sustained high volume typically validates price action, which supports the argument for a potential rally continuation, provided the momentum holds and no major resistance halts the trend. Breakout Signals Strength, But Long-Term Caution Lingers
According to the analyst, the UNI chart shows a shift from a period of consolidation into a noticeable upward breakout. The recent dominance of green candlesticks points to growing bullish moves and renewed buying pressure in the short term. Related Reading Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight 4 months ago
However, the longer-term trend suggests a more cautious outlook. Over the last 180 days, UNI has declined by 53.31%, and its one-year performance shows a decrease of 18.98%, indicating that the asset has been in an overall downtrend despite recent gains.
Presently, the Simple Moving Average (SMA) is demonstrating increased trading activity, which aligns with the positive price movement and supports the current bullish sentiment. This rise in volumemay strengthen the case for a possible continuation of the ongoing upward trend, but traders should remain alert to any shifts in momentum.
In conclusion, Crypto Man MAB noted that UNI is showing short-term upward strength, but the broader trend remains uncertain. However, a clear breakout above the $8.677 resistance level would be a strong signal for continued upside. UNI trading at $7.8 on the 1D chart | Source: UNIUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com