Uniswap’s UNI: The Token That Might Just Defy Gravity! 🚀

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Ah, UNI, the native token of Uniswap, is strutting around like it just won the intergalactic lottery! After a rather dreary period of price decline that could make even the most optimistic of traders weep into their tea, it seems to be gearing up for a spectacular upside momentum. This miraculous transformation in sentiment coincided with the crypto market deciding it was time to stop sulking and start reversing its fortunes. Who knew a little bullish price action could be so uplifting? 🎉

Uniswap (UNI) Technical Analysis and Upcoming Levels

According to the so-called “experts” (who may or may not have consulted a magic eight ball), UNI is busy forming a bullish double-bottom price pattern on the daily timeframe. Yes, you heard that right—two bottoms! It’s like a pair of pants that just won’t fit, but in a good way. The asset is still in the process of crafting the second leg of this pattern, which is a bit like watching paint dry, but with more excitement and fewer fumes.

In addition to this thrilling double-bottom drama, UNI has also decided to throw in a bullish divergence for good measure. Its Relative Strength Index (RSI) is making a higher low, which is a fancy way of saying it might just be ready to reverse its fortunes. Or at least, that’s what the charts are whispering. 🤫


Now, if UNI can manage to hold above the mystical $5.75 level, it could potentially soar by 15% to reach the neckline of the double-bottom pattern at $7.15. But wait! If this bullish momentum continues and UNI decides to breach the neckline, closing a daily candle above $7.15, it could rally another 15%, reaching the dizzying heights of $8.25. It’s like a rollercoaster ride, but without the safety harness! 🎢

UNI’s Current Price Momentum

As of this very moment, UNI is trading at a tantalizing $6.21, having gained over 4% in the past 24 hours. However, in a plot twist worthy of a soap opera, the asset’s trading volume has dropped by 25% due to a sudden lack of interest from traders and investors. Perhaps they all went on holiday? 🏖️

$2.80 Million Worth Long Position

With this bullish market outlook, intraday traders seem to be riding the same wave of optimism, as reported by the ever-reliable Coinglass data. It’s like a synchronized swimming team, but with less water and more money. 💰


The UNI exchange liquidation map has revealed that traders are currently over-leveraged at $5.88 on the lower side and $6.33 on the upper side, with a staggering $2.81 million and $400K worth of long and short positions, respectively. This strong and massive bet on the long side reveals traders’ bullish market sentiment, or perhaps just their desire to live dangerously. 🎲

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2025-04-01 23:07