uni trend breakout Archives - Coin Engineer https://coinengineer.net/blog/tag/uni-trend-breakout/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 20 Mar 2025 08:29:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png uni trend breakout Archives - Coin Engineer https://coinengineer.net/blog/tag/uni-trend-breakout/ 32 32 UNI Tests the Downtrend Resistance! Will a Breakout Happen? https://coinengineer.net/blog/uni-tests-the-downtrend-resistance-will-a-breakout-happen/ https://coinengineer.net/blog/uni-tests-the-downtrend-resistance-will-a-breakout-happen/#respond Thu, 20 Mar 2025 10:00:25 +0000 https://coinengineer.net/blog/?p=38751 UNI has recently climbed up to the resistance line of its long-term descending trend on the daily chart. However, the price is currently facing selling pressure at this zone. After getting rejected from the trendline, buyers appear to be weak at this stage. If a strong buying wave doesn’t emerge soon, UNI could see a

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]]> UNI has recently climbed up to the resistance line of its long-term descending trend on the daily chart. However, the price is currently facing selling pressure at this zone. After getting rejected from the trendline, buyers appear to be weak at this stage.

If a strong buying wave doesn’t emerge soon, UNI could see a short-term pullback towards the $6.30 support level. If buyers fail to defend this key zone, the price risks revisiting the previously tested support area at $5.51.

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What If UNI Breaks the Trend?

On the other hand, if UNI manages to break above the descending trendline with strong volume, the first target would be around $8.50, which aligns with the Fair Value Gap (FVG) zone. This level could act as strong resistance due to past price imbalances.

If $8.50 is successfully cleared, UNI may initiate a new bullish wave towards the $10.00 level.

UNI
UNI/USDT daily chart.

What to Watch Out For!

During trend breakouts, an increase in trading volume is often a key indicator of the sustainability of the move. Breakouts that lack volume may turn out to be false signals, leading to potential bull traps. We recommend closely monitoring market conditions and volume data when managing your positions!

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