UNI, an indigenous token of UNISWAP, appears to be strong and is preparing for a huge rise in prices after long -term prices and weak market trends. This change of emotions occurred when the entire encryption market began to experience price reversal and form an optimistic price behavior.
Uniswap (UNI) technology analysis and upcoming level
According to expertise analysis, the UNI appears to form a double bottom price pattern for a daily period. So far, the UNI’s daily chart has shown two floors, but the assets are still in the process of forming a second leg of the pattern.
In addition to this optimistic pattern, the UNI also has a lower price with a lower price of the relative strength index (RSI), forming a strong release of a strong signal of potential price reversal.
Based on recent price behaviors and historical patterns, if the UNI increases the $ 5.75 level, you can first increase by 15%, reaching a double bottom pattern of $ 7.15. However, if the strong momentum continues and the UNI violates the neckline, if you close the candle of more than $ 7.15 daily, you can collect 15%again and reach $ 8.25.
Uni’s current price momentum
In the press time, the UNI is trading near $ 6.21 and has increased more than 4% over the last 24 hours. However, during the same period, the interest of the traders and investors decreased the volume of assets by 25% compared to the previous day.
A position with a long value of $ 28 million
With this strong market prospect, Intraday traders appear to follow the same momentum as reported by CoingLass data.
According to the UNI Exchange liquidation map, merchants are currently $ 5.88 at the bottom and $ 6.33 at the top, with a length and short position worth $ 28.1 million and $ 400 million, respectively.
This long -term powerful and huge betting shows the trader’s optimistic market sentiment.