UNI/USDT ANALYSIS
Uniswap (UNI) is showing a strong bullish structure on the weekly timeframe:
Price Action: Formed a falling wedge followed by a rounded bottom pattern – both are strong reversal signals. Support held firm in the $5.00–$5.50 region, now acting as a demand zone.
Current Price: ~$6.15 As long as the price stays above the wedge breakout zone and rounded bottom support, bullish continuation is likely.
Upside Targets: First Target: $11.682
Second Target: $14.924
Final Bullish Target: $18.266
A weekly close above $7.00 would further confirm momentum for a mid-to-long-term rally.
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