UNI Price Prediction for May 30: Momentum Slows Near $7.25 After Major Breakout
Uniswap’s strong breakout rally has started to face resistance after surging past key levels, but buyers are still clinging to short-term control. Let’s explore the technicals behind the latest Uniswap price movement and evaluate whether momentum can sustain itself heading into May 30.
Uniswap Price Today Trades Near Key Resistance After Sharp Climb
The Uniswap price today is trading around $7.12 after briefly touching a high of $7.64 earlier on May 29. The move came on the back of a breakout above the falling wedge structure that had contained price since early April. However, bulls are now struggling to keep momentum above the 0.786 Fibonacci retracement level from the April–May decline, which sits near $7.15.
This area now acts as immediate resistance. A clean break and daily candle close above it would open up the path toward the $7.56 high, followed by psychological resistance near $8.00. On the downside, support is seen near $6.83 (0.618 Fib level) and $6.60 (prior breakout retest zone).
What’s Happening With Uniswap’s Price; Rising Wedge or…
The post UNI Price Prediction for May 30: Momentum Slows Near $7.25 After Major Breakout appeared first on Coin Edition.
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UNI Price Prediction for May 30: Momentum Slows Near $7.25 After Major Breakout
Uniswap’s strong breakout rally has started to face resistance after surging past key levels, but buyers are still clinging to short-term control. Let’s explore the technicals behind the latest Uniswap price movement and evaluate whether momentum can sustain itself heading into May 30.
Uniswap Price Today Trades Near Key Resistance After Sharp Climb
The Uniswap price today is trading around $7.12 after briefly touching a high of $7.64 earlier on May 29. The move came on the back of a breakout above the falling wedge structure that had contained price since early April. However, bulls are now struggling to keep momentum above the 0.786 Fibonacci retracement level from the April–May decline, which sits near $7.15.
This area now acts as immediate resistance. A clean break and daily candle close above it would open up the path toward the $7.56 high, followed by psychological resistance near $8.00. On the downside, support is seen near $6.83 (0.618 Fib level) and $6.60 (prior breakout retest zone).
What’s Happening With Uniswap’s Price; Rising Wedge or…
The post UNI Price Prediction for May 30: Momentum Slows Near $7.25 After Major Breakout appeared first on Coin Edition.
Читать больше
Ethereum (ETH) Price Prediction for 2nd June: Will $2,500 Hold as Sellers Test Support?