UNI Breakdown Pattern: Uniswap’s UNI is on the Verge of a breakout, currently facing resistance between 15.60 USD and 15.70 USD. A successful breach could lift prices to 18.00 USD, marking a 15% increase, revitalizing bullish sentiments.
Market Activity: Recent trading volume has declined during the holiday season, urging traders to exercise caution. Current support is found between 14.80 USD and 15.00 USD, which cushions the price against downward Movement.
Price Movement Strategies: If UNI doesn’t maintain support, it may retreat to the trendline near 14.20 USD to 14.40 USD. Closing above 15.70 USD is critical to instigate a bullish trend, emphasizing the need for vigilant trade monitoring.