Uniswap ($UNI ) is displaying a bullish reversal structure on the weekly chart.
• A falling wedge breakout followed by a rounded bottom has formed.
• The $5.00–$5.50 zone held as key support and now acts as a demand area.
• Price is currently trading around $6.15.
• As long as UNI holds above the breakout and rounded bottom support, bullish continuation remains likely.
• A weekly close above $7.00 would confirm momentum for a mid-to-long-term rally.
Upside targets:
– $11.682
– $14.924
– $18.266