Uniswap’s UNI climbed over 10% and it even spiked above $20.00 against the US Dollar. A new all-time high is formed near $20.78 and the price is currently correcting lower.
- UNI gained pace above the $18.00 and $18.80 resistance levels against the US dollar.
- The price is currently correcting gains from well above $20.00, but it is above the 100 simple moving average (4-hours).
- There is a crucial bullish trend line forming with support near $18.80 on the 4-hours chart of the UNI/USD pair (data source from Kraken).
- The pair could correct lower, but the bulls are likely to protect the $18.80 and $18.50 levels.
Uniswap’s UNI Breaks $20
After a successful close above the $15.00 resistance, UNI extended its rise. It outperformed bitcoin and Ethereum, with a strong upward move above the $16.50 level.
The price even cleared the $18.00 resistance and settled well above the 100 simple moving average (4-hours). Finally, the price spiked above the $20.00 level and traded to a new all-time high at $20.78. It is currently correcting lower and trading below $20.00.
Source:There is also a crucial bullish trend line forming with support near $18.80 on the 4-hours chart of the UNI/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $16.73 swing low to $20.78 high.
