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David Tevzadze
David Tevzadze

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๐Ÿš€ Uniswap ( $UNI ) Price Prediction โ€“ Could a 30% Rally Be Next?

๐Ÿ“ˆ UNI Breaks Out of Bullish Pattern
Uniswapโ€™s token, UNI, broke out of a descending triangle pattern, reaching $15.20 resistance for the third time since December 2024. This breakout signals a potential upside, especially as the broader crypto market rallies.

๐Ÿ“Š UNI Price Prediction
If UNI closes above $15.50, analysts predict a 30% rally to $20 in the near future. UNI has already surged over 16% in just three days, benefiting from the strong performance of Bitcoin, Ethereum, and Solana, which have boosted market sentiment.

๐Ÿ“‰ Room for Growth
With an RSI of 56, UNI is below the overbought zone, leaving room for further gains. This indicates that bullish momentum could continue as traders eye the $20 target.

๐Ÿ’น Traders Bet on UNI
According to Coinglass, trader confidence in UNI is rising. Binanceโ€™s UNI/USDT long/short ratio of 2.09 shows strong bullish sentiment. Furthermore, 67.63% of top UNI traders on Binance are holding long positions, underscoring market optimism.

๐Ÿ“Œ Outlook for UNI
With bullish sentiment dominating and strong technical signals, UNI is well-positioned to break the $15 resistance and target $20. The coming days will be crucial for confirming this upward trajectory.

โš ๏ธ Disclaimer
This analysis is for informational purposes and does not constitute financial or trading advice. Always do your research before investing.
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