Uniswap (UNI) Price Extends Gains with Room for More Growth
Driven by strong bullish momentum, Uniswap (UNI) price has surged by around 15% in the past 24 hours. this relative strength index It has climbed to 67, indicating that UNI is approaching overbought territory, but there is still room for further gains ahead of a potential correction.
If the uptrend continues, UNI could test the $13.3 and $14.8 resistance levels and could rise to $17, but if there is a reversal, it could retest the $12 support or drop to $8.59.
Joint RSI Not overbought yet
Uniswap The RSI surged from 50 to 67 in just one day, reflecting strong bullish momentum. RSI (relative strength index) measures the speed and magnitude of price changes on a scale of 0 to 100.
Values above 70 indicate overbought conditions and a potential correction, while values below 30 indicate oversold conditions and a possible recovery. The current RSI is 67, indicating University It is approaching overbought territory, but there is still room for further gains.
Given the recent momentum, single price It is likely to continue climbing until the RSI crosses 70, indicating stronger short-term bullish sentiment.
Historically, coins often undergo corrections after entering overbought territory. Still, the surge may have more room to run as the RSI has not yet materialized, as happened in early November.
Uniswap BB Trend very positive
UNI BBTrend is currently at 16.5 and has remained positive since November 24 after briefly turning negative between November 23 and November 24. BBTrend or Bollinger Bands Trend measures the strength and direction of price movement relative to Bollinger Bands.
Positive values indicate upward momentum, while negative values indicate downward pressure. A positive BBTrend indicates that Uniswap is currently in bullish phase.
While UNI’s BBTrend remains high at 16.5, it is down slightly from yesterday’s 18, indicating a slight weakening of bullish momentum.
This drop suggests that while the uptrend is intact, the current rally may not be as strong as before. If BBTrend continues to fall, it may signal that UNI prices are about to consolidate or adjust.
UNI Price Prediction: Can it reach $17 in November?
if Uniswap price The strong uptrend continues and the price may test the $13.3 and $14.8 resistance levels in the near term. A breakout of these levels could push single price As high as $17, the highest price since March, it could rise 36%.
However, if the uptrend reverses, single price It could face a retest of key support levels at $12 and $10.4. Failure to hold these levels could see the price fall further to $8.59, a sharp 31% correction.
Disclaimer
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