UNISWAP Price Update and TA in Weekly Timeframe
2024-08-12

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Now, let’s dive into this chart analysis:

On the weekly timeframe, UNI is holding both the support trendline and the horizontal ray support, ranging between $3.89 and $4.67. This is a crucial support range for UNI, and maintaining this range will likely lead to a rebound followed by a bullish move.

The actual confirmation of a bullish trend will occur when UNI breaks above the resistance trendline. For now, a rebound is essential for the price to remain positive.

Key levels:

- Primary Support: $4.67
- Lower Support: $3.89
- Primary Resistance: $$11.68
- Long-term Target: $40-$45 (8x gain).

DYOR. NFA.

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