The post Uniswap (UNI) Price Targets $18 Amid Breakout Speculation appeared on BitcoinEthereumNews.com.

Uniswap (UNI) price is showing signs of a potential bullish breakout as analysts identify a cup and handle pattern on its weekly chart. UNI is currently trading at $13.69, with market watchers projecting mid-term targets of $28. Long-term targets of $32 is suggested if key resistance levels are breached. The cryptocurrency’s position within this pattern has attracted attention, signaling a possible rally in the coming weeks. Uniswap (UNI) Price Weekly Chart: Cup and Handle Pattern This bullish Cup and Handle pattern is now developing on the weekly chart of UNI. As noted by Rose Premium Signals, this pattern may indicate that a strong rebound may be expected soon. If the upward trend continues, as predicted, UNI might rise to $28 in the mid-term and may possibly reach $32 in the long-term. 💰 #UNI breaking out of a Cup & Handle pattern on the Weekly timeframe 🚀$UNI Bullish momentum building for a massive rally ahead! 🎯Mid-Term Target – 28.000$🎯Long-Term Target – 32.000$ pic.twitter.com/Zm7SCS4YMj — Rose Premium Signals 🌹 (@VipRoseTr) January 21, 2025 This has been well echoed by the traders because it shows that there are more and more people interested in using UNI and this token is considered as one of the leading tokens in the DeFi market. The price action in the current consolidation phase suggests that UNI is about to have a strong movement, thus it is a key time for investors. – Advertisement – UNI/USDT 4H Chart: Key Technical Levels Uniswap (UNI) is trading in a symmetrical triangle. It might suggest the odds of a consolidation before a price breakout are high. 4-hours UNI trading chart | Source: Tradingview The token has experienced a relatively stable price fluctuation in the last 24 hours with its price oscillating between $13.42 and $13.71. The Relative Strength Index (RSI), a…

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Filed under: News - @ January 23, 2025 10:25 am