{"id":455156,"date":"2021-01-25T07:08:38","date_gmt":"2021-01-25T07:08:38","guid":{"rendered":"https:\/\/wncen.com\/?p=455156"},"modified":"2024-06-11T14:12:56","modified_gmt":"2024-06-11T14:12:56","slug":"uniswap-uni-explodes-above-12","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/uniswap-uni-explodes-above-12\/","title":{"rendered":"Charted: Uniswap\u2019s UNI Explodes Above $12, Why Dips Remain Attractive"},"content":{"rendered":"
Uniswap\u2019s UNI surged over 25% and it broke many hurdles near $10.00 against the US Dollar. A new all-time high is formed near $12.98 and dips seems to remain attractive in the near term.<\/em><\/p>\n After forming a support base above $8.000, UNI started a strong increase. It outperformed bitcoin<\/a> and Ethereum<\/a> to register gains over 25% in the past 2-3 sessions.<\/p>\n To start the increase, there was a break above a declining channel with resistance near $8.50 on the 4-hours chart of the UNI\/USD pair. The pair broke the $10.00 resistance zone and settled nicely above the 100 simple moving average (4-hours).<\/p>\n As a result, there was a strong rally and the price even broke the $12.00 resistance. It traded to a new all-time high near $12.98 and it is currently consolidating gains. An initial support is near the $11.60 level. It is close to the 23.6% Fib retracement level of the upward move from the $7.00 swing low to $12.98 high.<\/p>\n <\/a><\/p>\n The main support is now forming near the $10.00 level (the recent breakout zone). The 50% Fib retracement level of the upward move from the $7.00 swing low to $12.98 high is also near the $10.00 level. Any more losses could lead the price towards the 100 simple moving average (4-hours) at $7.50.<\/p>\n If UNI price remains stable above $11.50 and $11.00, it could continue to rise. An initial resistance on the upside is near the $13.00 level.<\/p>\n A successful break above the $13.00 resistance zone may possibly clear the path for a push towards the $14.50 and $15.00 resistance levels in the near term. The next major target for the bulls could be $20.00.<\/p>\n Technical Indicators<\/p>\n 4-Hours MACD \u2013 The MACD for UNI\/USD is gaining momentum in the bullish zone.<\/p>\n 4-Hours RSI (Relative Strength Index) \u2013 The RSI for UNI\/USD is well above the 50 level.<\/p>\n Major Support Levels \u2013 $11.60, $11.00 and $10.00.<\/p>\n Major Resistance Levels \u2013 $12.95, $13.00 and $15.00.<\/p>\n","protected":false},"excerpt":{"rendered":" Uniswap\u2019s UNI surged over 25% and it broke many hurdles near $10.00 against the US Dollar. A new all-time high is formed near $12.98 and dips seems to remain attractive in the near term. UNI gained pace above the $10.00 and $12.00 resistance levels against the US dollar. The price is consolidating gains well above $12.00 and the 100 simple moving average (4-hours). There was a break above a declining channel with resistance near $8.50 on the 4-hours chart of the UNI\/USD pair (data source from Kraken). The pair could correct lower, but the bulls are likely to remain active above $10.50 and $10.00. Polkadot\u2019s UNI Rallies 25% After forming a support base above $8.000, UNI started a strong increase. It outperformed bitcoin and Ethereum to register gains over 25% in the past 2-3 sessions. To start the increase, there was a break above a declining channel with resistance near $8.50 on the 4-hours chart of the UNI\/USD pair. The pair broke the $10.00 resistance zone and settled nicely above the 100 simple moving average (4-hours). As a result, there was a strong rally and the price even broke the $12.00 resistance. It traded to a new all-time high near $12.98 and it is currently consolidating gains. An initial support is near the $11.60 level. It is close to the 23.6% Fib retracement level of the upward move from the $7.00 swing low to $12.98 high. Source: UNIUSD on TradingView.com The main support is now forming near the $10.00 level (the recent breakout zone). The 50% Fib retracement level of the upward move from the $7.00 swing low to $12.98 high is also near the $10.00 level. Any more losses could lead the price towards the 100 simple moving average (4-hours) at $7.50. More Upsides? If UNI price remains stable above $11.50 and $11.00, it could continue to rise. An initial resistance on the upside is near the $13.00 level. A successful break above the $13.00 resistance zone may possibly clear the path for a push towards the $14.50 and $15.00 resistance levels in the near term. The next major target for the bulls could be $20.00. Technical Indicators 4-Hours MACD \u2013 The MACD for UNI\/USD is gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for UNI\/USD is well above the 50 level. Major Support Levels \u2013 $11.60, $11.00 and $10.00. Major Resistance Levels \u2013 $12.95, $13.00 and $15.00.<\/p>\n","protected":false},"author":67,"featured_media":455158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[82851,80532,82853,82852],"class_list":["post-455156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-unibtc","tag-uniswap","tag-uniusd","tag-uniusdt"],"acf":[],"yoast_head":"\n\n
Polkadot\u2019s UNI Rallies 25%<\/h2>\n
Source: UNIUSD on TradingView.com<\/a><\/pre>\n
More Upsides?<\/h2>\n