{"id":459193,"date":"2021-03-22T07:08:59","date_gmt":"2021-03-22T07:08:59","guid":{"rendered":"https:\/\/wncen.com\/?p=459193"},"modified":"2024-06-11T14:14:09","modified_gmt":"2024-06-11T14:14:09","slug":"uniswaps-uni-could-surge-40","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/uniswaps-uni-could-surge-40\/","title":{"rendered":"Charted: Why Uniswap\u2019s UNI Could Surge Above $35 and $40"},"content":{"rendered":"
Uniswap\u2019s UNI is showing positive signs above $32.00 against the US Dollar. The price is likely to clear the $35.00 resistance and it could even rally towards the $40.00 level.<\/em><\/p>\n
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UNI is very stable above the $27.50 and $30.00 support levels against the US dollar.<\/li>\n
The price is trading nicely above $32.00 and the 100 simple moving average (4-hours).<\/li>\n
There is a key bullish trend line forming with support near $32.50 on the 4-hours chart of the UNI\/USD pair (data source from Kraken).<\/li>\n
The pair is likely to continue higher if it clears the $35.00 and $35.50 resistance levels in the near term.<\/li>\n<\/ul>\n
Uniswap\u2019s UNI Approaching Key Breakout<\/h2>\n
After a sharp downside correction towards the $27.50 support, UNI started a fresh increase. The last swing low was near $29.44 before the bulls pushed the price above the $30.00 resistance<\/a>.<\/p>\n