<b><i>The UNI coin price rises to give a rounding bottom breakout and aims to reach the 50-day EMA to overcome the formidable selling pressure.</i></b>

<span style="font-weight: 400">Uniswap is aiming to keep the trading of tokens automated and accessible to everyone who has tokens, while also increasing the performance of trade in comparison to those on traditional exchanges. </span><span style="font-weight: 400">It improves efficiency by addressing problems with liquidity using automated solutions. It eliminates the challenges that caused problems for the first decentralized exchanges.</span>

<span style="font-weight: 400">In September 2020, Uniswap moved one step further by establishing and distributing the governance token of its own, UNI, to past protocol users. This brought both potential profits and the possibility for users to influence the future of the protocol, which is a major benefit of decentralized organizations.</span>

<span style="font-weight: 400">Let us move ahead to read about UNI technical analysis.</span>
<h2><b>Past Performance of UNI</b></h2>
<span style="font-weight: 400">The UNI coin price finds demand near the $10 support level as it creates another lower low to fuel the correction phase. The newfound demand resulted in a 15% increase in the past 72 hours. Hence, the retracement might soon retest the fallout of the $14 horizontal zone.</span>

<img src="https://s3.tradingview.com/snapshots/a/ASdFj41p.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/ASdFj41p/"><span style="font-weight: 400">UNI/USD Daily Chart</span></a>
<h2><b>UNI Technical Analysis</b></h2>
<span style="font-weight: 400">The <a href="https://www.cryptoknowmics.com/news/uniswap-protocol-review-leading-decentralized-exchange/">UNI</a> coin price action gives a rounding bottom breakout with the reversal from $10. Therefore, a retracement to retest the fallout of $14 and create a lower high formation is possible. </span>

<span style="font-weight: 400">The crucial </span><b>Exponential Moving averages</b><span style="font-weight: 400"> maintain a bearish alignment in the daily chart. Moreover, the 50-day average provides dynamic resistance to keep the bullish growth in check. </span>

<span style="font-weight: 400">The </span><b>MACD indicator</b><span style="font-weight: 400"> shows the MACD and signal line merging in the daily chart as they attempt to give a bullish crossover. Moreover, the falling trend of bearish histograms indicates the potential retest.</span>

<span style="font-weight: 400">The </span><b>DMI indicator </b><span style="font-weight: 400">shows the -DI line continues to approach the +DI line as it crosses below the ADX line. Therefore, the indicator reflects a possible reversal in the trend if the lines give a crossover. </span>

<span style="font-weight: 400">Therefore, the technical indicators reflect a rising underlying bullishness to reach the 50-day EMA. However, the UNI coin price action hints at a reversal near the $14 mark.</span>
<h2><b>Upcoming Trend</b></h2>
<span style="font-weight: 400">The UNI technical analysis finds demand near $10, resulting in the rounding bottom breakout as it jumps multiple points in the past 72 hours. However, the growing trend might struggle to reach above the $14 zone.</span>

<span style="font-weight: 400">The price action showcases crucial resistance levels at 50-day EMA and the $14 zone that can crush the bullish attempt. However, with the breakout above the mentioned resistance levels, a bull run to $20 is possible. </span>

At the time of issue, the TradingView Widget gives a "SELL" signal for the UNI token.
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<div class="tradingview-widget-copyright"><a href="https://in.tradingview.com/symbols/UNIUSD/technicals/" target="_blank" rel="noopener"><span class="blue-text">Technical Analysis for UNIUSD</span></a> by TradingView</div>
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UNI Technical Analysis: Bullish Rally Or Just Another Lower High Peak?

The UNI Technical Analysis shows the coin price rising to give a rounding bottom breakout and aiming to reach the 50-day EMA.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

UNI Technical Analysis: Bullish Rally Or Just Another Lower High Peak?

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