{"id":638967,"date":"2024-08-31T09:00:37","date_gmt":"2024-08-31T09:00:37","guid":{"rendered":"https:\/\/wncen.com\/?p=638967"},"modified":"2024-08-31T10:14:39","modified_gmt":"2024-08-31T10:14:39","slug":"will-bullish-momentum-push-uni-higher","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/uniswap\/will-bullish-momentum-push-uni-higher\/","title":{"rendered":"UNI Rebounds To $5.5 – Will Bullish Momentum Push It Higher?"},"content":{"rendered":"
Uniswap<\/span><\/a> (UNI) has made a promising rebound to the $5.5 mark, sparking renewed optimism among investors and traders. With fresh momentum building, all eyes are on whether UNI can capitalize on this upward shift and push toward the next resistance level at $6.7. As anticipation grows, the battle between buyers and sellers will determine if this rebound marks the start of a stronger rally or if the resistance ahead will prove too challenging.<\/span><\/p>\n This article aims to analyze UNI’s recent rebound to the $5.5 mark and assess whether the current <\/span>bullish<\/span><\/a> momentum can drive the price higher. By examining key technical indicators, market sentiment, and potential resistance levels, it will provide a comprehensive outlook on UNI’s next possible moves and what traders should watch for in the days ahead.<\/span><\/p>\n In the last 24 hours, UNI has been trading around $5.94, reflecting a 1.92% increase. The cryptocurrency\u2019s <\/span>market<\/span><\/a> capitalization stands at approximately $3.5 billion, with a trading volume of over $77 million. While the market cap experienced a 1.92% rise during this period, trading volume has declined by 9.60%.<\/span><\/p>\n On the 4-hour chart, following a successful rebound to $5.5, UNI\u2019s price has continued to <\/span>gain<\/span><\/a> momentum, aiming for the 100-day Simple Moving Average (SMA) and the $6.7 resistance level. The digital asset has maintained a steady upward trend, indicating that the bulls are gaining control and could push the price even higher.<\/span><\/p>\nMarket Sentiment: Are Bulls Gaining The Upper Hand?<\/strong><\/h2>\n