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.
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’.
Altcoin Season Picks up the Momentum
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.