💹 1. Current price performance
- Spot price: $UNI
- $8.22–$8.29 according to most sources.
- Daily change:
- +0.59% to +6.59% over 24 hours, with trading volume ranging between $306–659 million.
- Recent performance:
- +12.30% weekly, and +20.67% monthly, reflecting strong upward momentum.
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📈 Technical Analysis (Key Indicators)
- Oscillators:
- Strong buy signal in the short term (daily timeframe) according to indicators like RSI and Stochastic.
- Weekly RSI at 49.40, indicating neutrality with a slight downward bias in the medium term.
- Moving Averages:
- Strong buy signal in the short term, with the price surpassing short-term moving averages (like 50-day).
- Weekly range is neutral: the price is trading between the 50-day and 200-day moving averages without a decisive breakout.
- Other indicators:
- Weekly MACD is positive, but still in a negative zone, indicating a need for greater momentum to bolster the upward trend.
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⚖️ Support and Resistance Levels
- Near support:
- $7.55 (lowest price in 24 hours).
- $7.45 (lowest expected for the day).
- Near resistance:
- $8.31 (highest price in 7 days).
- $10.76 (upward target for 2025).
- Critical testing point:
- $7.96, where the price shows potential bearish divergences if it fails to hold above it.
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💎 Summary and Recommendations
- Immediate trend: cautious buying, monitoring a breakout at $8.31 as a signal for continued upward movement, or breaking $7.96 as a bearish indicator.
- Risk management:
- Set stop-loss orders at $7.45–$7.55.
- Avoid large positions due to high volatility (10.57%).
- Monitor protocol news: any technical updates for Uniswap could unexpectedly affect the price.
