Can #UNI Bulls Maintain this Current Bullish Momentum or Not? 
2025-01-29
Category: None

Yello, Paradisers! Is #UNI about to start a bullish rally, or will another rejection send it tumbling lower? Let’s break down the latest #UNIUSDT setup:

💎#Uniswap is forming a falling wedge pattern on an 8-hour timeframe, a well-known bullish reversal structure. The recent bounce from the descending support and several liquidity sweeps at the descending support suggest buyers are stepping in, but the real test lies ahead. #UNI must break the above key resistance to confirm a trend shift.

💎The critical resistance zone sits at $14.8. A breakout above this level with strong momentum could trigger a sharp rally toward the $18–$20 range, where significant selling pressure may emerge. However, failure to clear resistance could lead to further consolidation inside the wedge or another pullback.

💎Support remains strong at around $10.1, with additional demand at $8.5. If # UNI holds above these levels, we could see a gradual push higher. The buyers have already tested these levels, and they held. You can watch for the strong volume and 50-EMA to confirm growing demand at these levels. 

💎However, if a candle closes below the $8.5 support zone, it would invalidate the bullish scenario, exposing #UNIUSD to a potential drop toward the $7 region or lower.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
iFeel the success🌴