Uniswap [UNI] bounces above $6 yet again, can it conquer $7 this week

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Uniswap has a bullish structure on 12-hour The move above $6 suggested yet another leg upward can materialize Uniswap [UNI] saw a nasty plunge in prices last week after the price charts showed a […]

Source: TradingView

Rather, the price dipped to $5.4 but was quick to move above $5.5, and back above the $6 mark as well. This suggested some buying pressure and strong demand around the $5.5 zone. The Relative Strength Index did not yet get back above neutral 50. However, the 12-hour market structure was bullish as the price managed to climb above the recent lower high. Moreover, the $6 region was a bullish breaker for the price. Hence, it looked likely that UNI could climb from $6 to $6.6.

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