by: xpoolPosted on:

Uniswap (UNI) Shows Potential for Breakout After Inverse Head and Shoulders Pattern

A clear Inverse Head and Shoulders pattern on the 4-hour chart suggests potential for a significant price move in Uniswap (UNI). The neckline resistance at $11.50 has repeatedly acted as a barrier, but trading volume is increasing, indicating more bullish activity and stronger momentum. This could lead to a breakout to $16.17, representing a 40% price increase from the neckline level.

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