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Crypto News

UNISWAP (UNI) record only in its launch area – is it an upcoming equivalent step?

UNISWAP has started to show signs of life again, and it is not alone. The activity wave is sweeping through the distinctive ETHEREUM, driven by strong bounces on the plans and liquidity high across the ecosystem. With the PRICE UNI climbing again towards the main resistance level, merchants closely monitor the signs of an outbreak.

According to Bitcoinsensus, UNI is now one of the most active symbols in terms of liquidity groups on the ETHEREUM network, which may mean some real fluctuations. When writing, the UNI price is traded at $ 6.35, and the trading volume increases by more than 12 %.

On the technical side, things are lined up on a possible step. UNI wore a familiar support zone ranging from $ 3.50 and $ 5.50, which is a strong -holding zone since mid -2012. Every time the price decreases to this range, buyers intervene. This happened again this time, with the last step that pays the price of UNI to about $ 8.15 and printing a strong weekly candle.

source: x/profssormoriarty

But even with this apostasy, one is one big obstacle. UNI is still stuck below the long -term landline line has been pressing the price since May 2021. This resistance has rejected multiple gatherings, including attempts in 2023 and early 2024. forever, the price is pressed between this ceiling and support below, and if the momentum continues to build, the UNI can prepare to receive another at the intersection.

UNISWAP technical structure and market morale

The general structure resembles a long -term descending triangle, with fixed support and highest levels. While the traditional decline, the repeated defense of the lower range indicates an increase in accumulation. If the momentum is building, the distinctive symbol may try to move towards the resistance area of ​​12 to 13 dollars.

Victorious analyst, Professor Moriarty, commented that Yoni “shows signs of life again” after her bouncing from the support area to defend it. He pointed out that the level is still working as a floor in which buyers are taking. However, the original remains below a major direction line that needs to be broken before any continuous move higher.

Also read: Here’s the XRP price if Ripple captures 100 % of the global payment market of $ 300 trillion by 2030

Moreover, Bitcoinsensus shares that X that uniPAP (UNI) is currently part of a broader set of ecosystem for ecosystems that suffer from increased liquidity activity. Besides ETHEREUM (ETH), AAVE (AAVE), and Irvi (ARB), uniswAP appears in heat map data as it contains large liquidity groups.

These liquidity areas often work as magnets to make prices, especially during large size periods. This indicates that the Uni can be placed for a sharp movement if the wider conditions support it.

Moreover, market participants are monitoring two main levels. The first is the low support area that has been held since 2022. The second is the long -term descending resistance line. Weekly closure Above this line, it can indicate a change in the direction of the uniswap price.

Until then, traders are monitored close to size and price strength to measure whether this bounce will remain content or develop into a broader step through the Defi sector.

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