The cryptocurrency UNI demonstrates signs of recovery, according to analysts on platform X.
Signals for UNI Growth
Analyst AlphaCryptoSignal highlights a classic rounding bottom pattern in UNI's chart, typically seen before major trend reversals. Since January 2025, the price has steadily formed a more refined curve that broke the descending trend in mid-July.
Current Indicators and Support Levels
The 9-day EMA is currently just below the UNI price, providing short-term support. The 50-day SMA is more robust, sitting around $7.87. Trading volume also increased during the breakout, indicating buyer seriousness.
Future Projections and Levels to Watch
Analysts are focusing on the $9.00–$9.20 range where the breakout occurred. If the price holds above this level, bulls are in a strong position. If UNI can push back above $11.00, a next leg upward could begin. Conversely, signs of weakness could shift focus to the $7.00–$7.87 area.
Current trends and support levels suggest a potential ascension for UNI, but a correction is also likely if key levels are breached.
