๐ฃ๐๐๐ ๐๐ซ๐๐๐ค๐ฌ ๐๐๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ โ ๐๐ฎ๐ฅ๐ฅ๐ฌ ๐๐ฒ๐ $๐.๐๐ & $๐๐ ๐๐๐ฑ๐ญ?
Uniswap (UNI) is showing signs of a strong trend reversal after finally breaking through a multi-week price ceiling. With price action now above key resistance levels, traders are watching the next targets at $9.10 and $12.00.
๐ Breakout Confirmed: UNI Closes Above $8.12
After spending most of May locked in a range between $6.10 and $7.50, UNI broke out with a clean bullish candle โ closing at $8.12 on June 10.
โ This breakout shows:
Price has reclaimed market structure
Buyers are in control
Momentum is building above former resistance
๐งฑ What Changed? Key Technical Signals:
๐น The $7.50 ceiling, which rejected price multiple times, has now flipped to support
๐น The double-bottom pattern around $6.10 served as a strong accumulation zone
๐น Candles are printing higher closes with reduced wicks โ a sign of strong bullish conviction
๐ Recent Candles Show Power:
Latest session (12H time frame):
High: $8.313
Low: $7.906
Structure: Clean bullish candles with minimal downside wicks
โก๏ธ This reflects buying pressure with little opposition โ often a precursor to continued rallies
๐งญ Next Resistance Levels to Watch:
$9.10 Zone โ Previous rejection area, likely to be tested soon
$12.00 Major Resistance โ Last touched in 2024 before a correction
๐ If volume increases and UNI maintains closes above $8.30, bulls may have a clear runway toward these zones
โ ๏ธ What Could Invalidate This Breakout?
Failure to hold $7.50 as support
Bearish divergence on momentum indicators
Sudden sell-off across broader altcoin market
Low volume confirmation in upcoming candles
๐ง Traderโs Takeaway:
UNI has successfully flipped resistance into support. While early signs point toward a move to $9 or $12, watch volume and candle structure closely. Pullbacks to $7.50 could offer re-entry zones, but losing that support could trap late buyers.