The UNI technical analysis shows a bullish recovery rally challenging the opposing EMAs and highlights the breakout opportunity. The UNI price action Displays a bearish failure to break below the $5.7 support level resulting in a bullish reversal that challenges the 50-day EMA. Furthermore, the spike in the trading volume supports the bullish reversal increasing the likelihood of an uptrend continuation to the 200-day EMA. Rejection from the opposing EMAs limits the breakout possibility. Key Points: The Uniswap price action shows a reversal rally of 6.7% in the last three days. The long-tail formation at $5.7 reflects a strong demand The post UNI Technical Analysis: Reversal At $5.7 Prolongs Sideways Trend appeared first on Cryptoknowmics-Crypto News and Media Platform.
