UNI Positioned to Continue Upward Above the $8 Mark

Bullish momentum in the Uniswap market has already pushed the price above the \$8 level. Although there has been a minor setback in the ongoing session, upward forces still appear to dominate. Price action remains at elevated levels, where bullish momentum could likely resume and continue the rally.

Uniswap (UNI) Price Prediction: UNI/USDT Long-Term Trend – Bullish (Daily Chart)

Key Price Levels:

Resistance: $8.50, $10.00, $11.50

Support: $8.00, $6.50, $5.00

Price action in the Uniswap daily market continues to climb, pushing through the uppermost band of the Bollinger Bands (BB) indicator. The current session’s price candle is bearish but remains positioned just above the upper limit of the BB indicator.