Uniswap Soars Above $10 After Finding Support – What’s Behind the Bullish Momentum And When Can It Hit $15?

Currently UNI  is targeting the $11.7 resistance level where it has faced rejection twice in the past. If the bulls can turn this level into support successfully, then price could potentially test the immediate targets and resistances at $13.3, the upper ascending trendline and even the high of $17, if a breakout is seen at the $11.7 zone.The daily Relative Strength Index (RSI) stands at 56 indicating bullish momentum and with room for further upside movement. Additionally, the Exponential Moving Averages (EMA) for 50, 100 and 200 periods are below the current market price showcasing bullish momentum at $8.8, $9.9 and $8.5 respectively.Changelly analysis expect that by the end of summer 2024 the UNI price will be around $22.29. However they state in November 2024, the Uniswap cost may drop to a minimum of $12.63.

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