Uniswap (UNI) is showing strong bullish momentum, recently breaking above key resistance near $6.50, which now acts as support. The price is currently trading around $8.20, forming higher highs and higher lows on the daily chart—indicating a clear uptrend. Volume has significantly increased, confirming buying interest and strength behind the move.
The Relative Strength Index (RSI) is hovering near overbought territory, suggesting strong momentum but also caution for potential short-term pullback or consolidation. The 50-day and 200-day moving averages are trending upward, with a recent golden cross confirming a longer-term bullish bias.
If price holds above $8, the next resistance levels are at $9.50 and $11. A close below $7.50 could invalidate the bullish setup and lead to a retest of lower supports. Overall, technical indicators suggest growing upside potential, but risk management remains key.
