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Thursday

13 May 2021

Charted: Uniswap’s UNI Sets New ATH At $45, Why It Could Extend Gains

Charted: Uniswap’s UNI Sets New ATH At $45, Why It Could Extend Gains


smart summary beta

The last swing low was near $39.30 before the bulls pushed the price above the $42.00 resistance.

There was a break above a major contracting triangle with resistance near $40.00 on the 4-hours chart of the UNI/USD pair.

A close above the $45.00 level could open the doors for a more gains in the near term.

The next key resistance could be near $46.50, above which the bulls are likely to aim a test of the $50.00 level.

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