Uni Price Surging Above the Resistance, Expected to Touch $5 Very Soon


    UNI price which experienced a drastic dip accelerated in the past couple of hours

    The analyst predicts a target of $5 could hit very soon

    The Altcoin season gets a major push with the majority of cryptos follows an uptrend

Will UNI price Touch $6

The UNI price maintained a stagnant behaviour in recent times by trending in a very low margin. It has crossed $4 but failed to maintain above the levels and dumped to touch levels below $3.5. In fact, a descending channel was formed and the price was fluctuating within the channel.

UNI Price Chart

But in the past couple of hours, the UNI price has broken the trend, upwards to touch levels close to $4. At present, the price is $3.99 with a massive surge of 15 percent at the press time. Strong resistance formed at $4.25 can be broken in the coming times. 

The Relative Strength Index(RSI)  is 73.93, which is pretty bullish and if the indicator touches above 80 levels, the UNI price can explode above $7. Also, the technical indicators point out for a ‘strong buy’.

Also Read: Uniswap Price Analysis: Analyst Predict UNI Price Might Plunge Heavily!

Altcoin Season Picks up the Momentum

The crypto market has painted in green with most of the altcoins pumped with decent gains. Cryptos like Litecoin, Polkadot, Huobi Token, Chainlink, etc surged to new levels. 

LTC price and DOT price explode more than 10 percent to touch above $80 and $5 levels respectively. Whereas LINK price gained 3.32 percent to touch close to $14 and XRP price rose nearly 2.87 percent to attain $0.3 levels.

Collectively, UNI price is expected to touch above $5 very soon holding the same momentum. Also, the other altcoins surge with the jump in UNI price, giving the altcoin season a bigger boost.

Also Read: Altcoin and DeFi Market Boom Following the Bitcoin Bull Run

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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