Uniswap

Bitcoin

Resistance

Gains

UNI price started a fresh increase above the $9.50 resistance. Uniswap is showing positive signs and might eye more upsides above the $10.00 resistance. 
<ul> 
 <li>UNI started a fresh increase above the $9.50 resistance zone.</li> 
 <li>The price is trading above $9.60 and the 100-hourly simple moving average.</li> 
 <li>There is a key bearish trend line forming with resistance near $10.15 on the hourly chart of the UNI/USD pair (data source from Kraken).</li> 
 <li>The pair might aim for more upside if there is a clear move above the $10.20 resistance.</li> 
</ul> 
<h2 id="uni-price-holds-support">UNI Price Holds Support</h2> 
After forming a base above the $8.75 level, Uniswap started a fresh increase like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-rejects-70k-2/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-slope-3550/" target="_blank" rel="noopener ">Ethereum</a>. UNI price gained pace for a move above the $9.20 and $9.50 resistance levels. 
The price even cleared the $10.00 resistance zone. A high was formed at $10.32 before the price started a downside correction. There was a drop below the $10.00 level and the 23.6% Fib retracement level of the upward move from the $8.72 swing low to the $10.32 high. 
UNI is still trading above $9.50 and the 100-hourly simple moving average. Immediate resistance is near the $10.00 level. The next key resistance is near the $10.20 level. There is also a key bearish trend line forming with resistance near $10.15 on the hourly chart of the UNI/USD pair. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-624353 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461" alt="Uniswap Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/Uniswap-UNI_b4d6d8.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
A close above the $10.20 level could open the doors for more gains in the near term. The next key resistance could be near $10.65, above which the bulls are likely to aim a test of the $11.50 level. Any more gains might send UNI toward $12.00. 
<h2 id="are-dips-limited-in-uniswap">Are Dips Limited In Uniswap?</h2> 
If UNI price fails to climb above $10.00 or $10.20, it could slowly move down. The first major support is near the $9.50 level or the 50% Fib retracement level of the upward move from the $8.72 swing low to the $10.32 high. 
The next major support is near the $9.35 level. A downside break below the $9.35 support might open the doors for a push toward $9.00. 
Technical Indicators 
Hourly MACD – The MACD for UNI/USD is losing momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for UNI/USD is above the 50 level. 
Major Support Levels – $9.50, $9.35, and $9.00. 
Major Resistance Levels – $10.00, $10.20, and $10.65.

Uniswap Price on the Rise: UNI Eyes Set on Further Gains

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