Uniswap (UNI) Surges 20%, Hits 3-Year High Amid Bullish Momentum

Uniswap (UNI) has spiked 20% in 24 hours, marking its highest price in three years. With RSI nearing the overbought zone and BBTrend recovering, UNI could test resistance at $19.47 and aim for $25.

Uniswap (UNI) Reaches 3-Year High After 20% Rally

Uniswap (UNI) has experienced a significant surge, rising nearly 20% in the past 24 hours to reach levels not seen in three years. This rapid rally has brought UNI closer to key resistance levels that, if breached, could lead to substantial additional gains.

Technical Analysis Highlights

• RSI Nearing Overbought Zone:
  UNI’s RSI has jumped from 33 two days ago to 67, signaling increased bullish momentum. While the current level reflects strong buying activity, RSI nearing the overbought zone at 70 indicates potential resistance ahead. If UNI’s RSI can exceed 70 and hold without an immediate correction, historical trends suggest the possibility of further upside. Past instances of sustained RSI above 70 often led to significant price gains before any pullbacks.
• BBTrend Recovery:
  The BBTrend indicator for UNI has improved significantly, climbing from -2.47 earlier to -0.82, signaling reduced bearish pressure and growing support. While still in negative territory, the upward shift suggests easing selling pressure and the potential for renewed bullish conditions. If the BBTrend turns positive, it could signal further acceleration in UNI’s price momentum, supporting the continuation of the current uptrend.

Key Price Levels to Watch

UNI is holding strong support at $14.5, a critical level to maintain in order to prevent a deeper correction. Should this level break, the next support zone lies at $13.5, which would serve as a buffer against further declines.

On the upside, UNI faces resistance at $19.47. A successful breach of this level would position the token to retest $20 and aim for $25—a milestone not reached since November 2021.

Outlook for UNI Price

With bullish momentum building, UNI appears poised to capitalize on its recent surge. Breaking through $19.47 and sustaining gains above $20 would mark a significant achievement, signaling the potential for a return to long-term bullish territory.

However, traders should watch closely for signs of overbought conditions or resistance at critical levels, which could lead to short-term corrections.

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