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UNI Retests Its Falling Wedge Breakout as Analysts Point to $8.25 as the Key Price Level
UNI holds its falling wedge retest as analysts watch $8.25 for confirmation of renewed upside momentum.
Price trades above major demand zones while volume, MACD and RSI show conditions for continued movement.
A break over $8.25 may open a path toward $9 and $10 as UNI maintains a steady upward market structure.
UNI trades in a steady retest phase as the market revisits a falling wedge pattern that already broke upward. The structure remains intact and the price continues to move within a controlled range. The latest data shows that if the retest ends and the price breaks above $8.25, the rally will resume. The market holds stable levels and the broader trend keeps its upward shape across recent sessions.
UNI Retests the Falling Wedge Structure
Uniswap (UNI) continues to interact with the falling wedge pattern that formed after the sharp rise above $10. According to an observation by CW8900, “UNI is retesting a falling wedge pattern after breaking out. This isn’t a bad situation.” The chart records lower highs and higher reaction lows and the structure stays clear
The price trades near $7.20 during the retest and volume stays lower than the breakout phase. According to CoinMarketCap data, UNI trades at $7.18 and posts a weekly gain of more than 33 percent. The chart notes strong movement from $5.32 to $9.80 before the pullback
Source: CoinMarketCap
Buyers maintained control during the climb and the market still holds above key demand areas between $6.00 and $5.00. The data shows stable conditions during the consolidation and the structure remains firm.
Market Levels and Technical Outlook
UNI trades close to the $7.80 to $8.00 zone where sellers reacted earlier. The price now sits inside a tight range formed by short-term moving averages on the lower timeframes. According to an observation by Castillo Trading, UNI trades within a blue zone that acted as a key level during September and October
Source: CastilloTrading(X)
The chart records steady movement inside this area and the price holds near $8.08. Technical indicators show room for continued movement. MACD prints a positive reading and RSI holds near neutral levels
Market trades above the 20-day and 50-day moving averages and only the 200-day average remains slightly above price. Analysts note that a break above $8.25 would open the path toward $9.00 and later the $10 region. The structure keeps its upward posture and the retest phase remains stable across current sessions.
The post UNI Retests Its Falling Wedge Breakout as Analysts Point to $8.25 as the Key Price Level appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.