Uniswap Price Prediction: Will UNI Lead the Next Bull Market

Uniswap price broke out of 35-day consolidation phase

• On May 22, Uniswap's price broke out of the $6.75 to $8.30 consolidation range following a 31% rally.

• #Uniswap gained significant strength, breaking above the psychological barrier at $10.

• The current trade setup indicates that Uniswap's price is experiencing a parabolic recovery.

• The latest upswing is expected to elevate the price by more than 15%, targeting the initial barrier at $13.25.

• The surge is occurring within the context of a Rounding Bottom Pattern.

• Over the past 7 days, the price has increased by 42%, settling above the 100-Day EMA.

• As per Coin Gabbar analysis, If the bullish momentum continues and $UNI sustains above $10.00, the price could potentially rally further to reach $15.50.

• If the bulls fail to maintain the surge, a pullback may occur, with the price possibly testing the $8.50 level and the rounding bottom support.

KEY LEVELS :

RESISTANCE LEVEL : $14.000-$18.000

SUPPORT LEVEL : $8.000-$5.500

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