In a fresh after Part of X, Crypto Analyst First1bitcoin attracted attention to the recent market behavior of Uniswap (Uni) and noted that the token seems to win stronger after a longer period of lateral movement. According to the analyst, this long -term battery phase can be the stage for a significant breakout.
The graph, as marked in the post, starts to show encouraging signs of bullish pressure. With the price surprise in the vicinity of important resistance levels, the conditions seem ripe for a potential upward increase, provided that the buying of Momentum continues to build.
Most important technical levels in sight when uniswap collects the power
First1bitcoin emphasized various critical technical levels that can form the next major movement of Uniswap. He noted that the current price of Uni $ 6.83 went back, which is a market that gradually collects strength after a long -term consolidation period.
The analyst placed a strong emphasis on two critical price levels that could form the Uni process in the coming weeks. The first breakout goal is set at $ 12, a level that is both a psychological barrier and a technical milestone. If Uniswap breaks above this zone, this can ignite a new bullish sentiment and possibly mark the beginning of a persistent upward movement.
However, the real test comes on the $ 15 – $ 16 resistance zone, which the analyst described as an important obstacle. A move to this region can cause volatility, because many traders can try to gain profit, while others make the strength of the conviction of the buyers inches.
It is important that Uniswap remains under his long -term drint line, which has followed up as a ceiling in recent months for upward movement. An outbreak above that trendline could completely change the game and open the door for a much larger rally.
Momentum builds on a solid basis
In his final declaration, the analyst emphasized the growing optimism around the price action of Uni. He noted that the accumulation base, where buyers have built up positions, continues to retain and acts as a solid basis for potential upward movement. This resilience suggests that sellers lose control and that the market can be prepared for a bullish shift.
He also emphasized early signs of Bullish Momentum, with the improvement of technical indicators and price stability that indicate an increasing purchase interest rate. This momentum, combined with the long -term consolidation phase, often precedes a significant outbreak.
“Note this zone closely,” the analyst advised and hinted that Uni could be with regard to a strong meeting. If Token maintains its current support and gets upward traction, it can break the most important resistance levels and initiate a meaningful upward trend in the upcoming sessions.