🚨 Can UNI‘s Price Soar by 30%? 🚨
- Or is it just a fleeting dream? 🌙
- The RSI had a reading of 50.16 at press time, but don’t get too excited just yet 🙅♂️
Uniswap [UNI] has been making waves in the crypto market after its breakout from an Adam & Eve pattern. Some folks are calling it a potential 30% upswing towards $13, but we’re not getting ahead of ourselves just yet 😏.
The Adam & Eve Pattern: A Sign of Things to Come?
This pattern is like a bad joke – it starts with a sharp peak, followed by a more rounded trough, and then… well, you know how it ends 🤦♂️. But seriously, a breakout from this pattern could hint at a shift in market sentiment, with the same followed by significant price movement.
And it seems like the market is taking it seriously, with the MACD’s bullish crossover highlighting the uptick in buying momentum 🚀. The histogram is flashing positive values, reinforcing the buying strength following the breakout 📈.
But wait, there’s more! The RSI stood at 50.16 at the time of writing, signaling a neutral market 🤔. However, it seemed to be moving towards overbought territory – a sign that buying pressure could continue and make the $13 target more plausible 🤑.
This combination of the Adam & Eve pattern, bullish MACD crossover, and rising RSI suggested that UNI might see major growth soon 🚀. But don’t get too excited just yet, as this is just a fleeting dream 🌙.
Minimal Selling Pressure: A Green Light for Bulls?
Total Netflow analysis shared some insights into how much UNI is flowing into or out of exchanges 📊. A significant netflow into exchanges could mean high selling pressure, while a fall in netflow would hint at accumulation by investors 🤑.
As can be seen here, UNI’s market saw modest netflows of 348.55k UNI on 14 February 2025 📊. This alluded to minimal selling pressure, which bodes well for the bullish case 🚀. When selling pressure is low, upward price movements tend to face less resistance, supporting the likelihood of a sustained rally towards $13 🤑.
Key Levels for UNI’s Price Action
The Break-Even Price chart revealed that a significant portion of UNI holders are currently in profit, with $297.03 million in UNI profitable 🤑. This positions many investors to either hold or buy more, potentially pushing the price higher 🚀.
On the other hand, $689.98 million worth of UNI remains at a loss 🤕. If the price moves towards break-even levels, those in the red may start buying, contributing to greater upward pressure 🤑.
This dynamic implied that as UNI moves closer to the $13-target, more buying activity could accelerate the price surge 🚀.
Buying Pressure: The Fuel for UNI’s Rise?
Finally, the Cumulative Volume Delta (CVD) chart provided a deeper understanding of net buying and selling pressure 📊. A recent trend towards negative CVD hinted at a hike in selling pressure 🚫. However, a reversal of this trend could signal a shift towards buying, reinforcing the bullish sentiment 🚀.
The breakout from the Adam & Eve pattern, coupled with a positive shift in CVD, could confirm the ongoing buying momentum 🚀. If selling pressure subsides and buying intensifies, UNI is likely to move closer to the $13 target, signaling strong market absorption of sell orders 🤑.
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2025-02-16 08:12