Uniswap $UNI Potential for Further Upside
2024-11-09

Following a strong impulsive move,  MIL:UNI  has broken above a key resistance level on the medium timeframe. After a successful retest, the price now appears poised for continuation, with potential targets in the $10-12+ levels.

 Breakout and Retest : The breakout from previous resistance, followed by a solid retest, signals a bullish structure, indicating a possible push to higher levels.
 Upside Potential : With momentum on its side, UNI could aim for the next major target around the $10 and above levels, where additional resistance might be encountered.
 Trading Insight : A continuation pattern appears likely, but monitoring volume and maintaining stops just below the recent breakout level can help manage risk in case of unexpected pullbacks.