Crypto analyst CryptoDoc analyzed Uniswap's (UNI) trajectory in a tweet recently. According to CryptoDoc, UNI has broken above a long-standing downtrend line on its daily chart.
Cryptocurrency analysis: Uniswap (UNI) price broke out of a downtrend line on its daily chart, indicating a potential shift in momentum.
After the breakout, the analysis anticipates a retest around the $7.3 to $8.3 range, where a “green box” on the chart marks a primary buy zone.
If UNI retraces to this level and finds support, it could strengthen buyers’ confidence in an upward trend, setting the stage for the next target at $10.
The analysis also identifies two buy zones: the primary zone falls between $7.3 and $8.3, while a secondary buy zone is marked near $6.
After a potential retest within the primary buy zone, the analysis expects UNI to move toward a $10 price target.
According to the projection on the shared chart, UNI could curve upward following this retest, with the $10 mark as the near-term target.
The above is the detailed content of Uniswap (UNI) Price Breaks Out: Analyst Expects Retest Before $10 Target Amid ETH Season. For more information, please follow other related articles on the PHP Chinese website!
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