Uniswap Protocol (UNI) saw its swap volume surpass the domestic GDP of Canada, a development that could impact UNI price. The question is, where is it headed now?
UNI Price Action and Prediction
The price point of UNI exceeded its essential 200 EMA resistance boundary on the 4-hour timeframe, indicating upcoming bullish trends.
UNI price exceeded $5.77 to achieve a higher high before settling at $5.90. A strong momentum prevailed as the RSI saw a bullish crossover that rose above the 60 benchmark.
Next potential resistance for the price stood at $6.70 while $5.77 marked the primary support level followed by $5.60.
UNI 4-hour chart | Source: TradingView
The coin had a strong chance to move toward $6.70 as long as it stayed above its 200 Moving Exponential Average and continued making higher low points.
A lasting rise above this green resistance at $6.70 level created new possibilities for the asset to reach $8.00.
While it was trading lower, near $5.4, a bullish price s
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