tl;dr
Uniswap (UNI) has experienced substantial growth, surpassing a $10 billion market cap and rising by 80.44% in the last 30 days. Currently, with a Relative Strength Index (RSI) of 67, UNI is approaching overbought territory but still has potential for further growth before signaling an immediate corr...
Uniswap (UNI) has experienced substantial growth, surpassing a $10 billion market cap and rising by 80.44% in the last 30 days.
Currently, with a Relative Strength Index (RSI) of 67, UNI is approaching overbought territory but still has potential for further growth before signaling an immediate correction. Despite a slight decrease in the Average Directional Index (ADX) from 46 to 39, UNI remains in a strong uptrend with a trend strength above 25. If the uptrend continues, UNI could test resistance at $17.39 and potentially reach $20, its highest price since 2021.
Uniswap RSI is currently at 67, meaning it is approaching overbought territory but hasn’t yet reached the 70 mark. RSI values above 70 typically suggest the asset is overbought, but at 67, UNI still has room to grow without signaling an immediate correction.
UNI’s ADX is currently at 39, down from 46 just two days ago, indicating a slight decrease in trend strength. While this drop suggests a reduction in momentum, the ADX still remains above 25, signaling that UNI's price is in a strong trend, despite the recent pullback.
If the uptrend continues, UNI price could test the resistance at $17.39 and potentially rise up to $20, marking its highest price since 2021. However, if the current trend reverses, Uniswap price could test the first support level around $13.5. If this support fails to hold, the price could drop further, potentially reaching as low as $12.4, indicating a bearish shift if the trend doesn’t regain strength.
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