Uniswap (UNI) has recovered from a dip below $10, rallying 20% in the past 24 hours to trade at $11.19. The Moving Average Convergence Divergence (MACD) indicator, which showed a bearish crossover, quickly shifted back to bullish as the price rose. The daily active addresses (DAA) divergence is flashing a buy signal, suggesting continued bullish momentum. Breaking the $11.6 resistance level is crucial for UNI to reclaim $12 and potentially reach $13.1. Failure could see the price drop back to $10 or lower.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
