Uniswap’s UNI climbed over 10% and it even broke the $34.00 resistance against the US Dollar. A new all-time high is formed near $34.60 and the price is likely to rise further.
- UNI gained pace above the $30.00 and $32.00 resistance levels against the US dollar.
- The price is trading nicely above $34.00 and the 100 simple moving average (4-hours).
- There was a break above a key connecting bearish trend line at $28.00 on the 4-hours chart of the UNI/USD pair (data source from Kraken).
- The pair is likely to continue higher towards the $36.50 and $40.00 levels in the near term.
Uniswap’s UNI Breaks $34
After a sharp downside correction from well above $30.00, UNI found support near the $20.00 level. It traded as low as $18.68 and it recently started a fresh increase. It broke many hurdles near $25.00 to enter a positive zone.
There was a clear break above the $28.00 resistance and the 100 simple moving average (4-hours). There was also a break above a key connecting bearish trend…
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