Uniswap’s UNI gained momentum and traded to a new all-time high near $45.00 against the US Dollar. The price is likely to continue higher above $45.50 and $46.00 in the near term.
UNI started a fresh increase after forming a base above the $40.00 level against the US dollar. The price is trading nicely above $42.00 and the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $40.00 on the 4-hours chart of the UNI/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $45.00 and $45.50 resistance levels in the near term. Uniswap’s UNI Gains Traction
After forming a support base above $40.00, UNI started a fresh increase. The last swing low was near $39.30 before the bulls pushed the price above the $42.00 resistance.
There was a break above a major contracting triangle with resistance near $40.00 on the 4-hours