Lokesh Gupta
25-05-2024
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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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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