Uniswap’s drama: Will UNI dance past $12 or fall flat? 🤔✨

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Oh, how the mighty bulls are trying to shake off their sluggish despair-weeks of downward drone, like a bad tune stuck on repeat. Now, with market sentiment trying to put on its Sunday best, UNI’s price seems to be sketching out a hopeful sketch, a whisper of another breakout-because what’s life without a little seismic thrill, right? 🎢

The Price Action: A Short-lived Rebellion?

The chart of UNI/USDT looks like a rebellious teenager trying to rebound after a particularly dramatic summer fling near $11.686. After swooning down to the support line at $9.13, the price rallied with a bullishness that almost insulted the previous hopelessness-performance art on a chart, if you will.

Crypto Maniac, the particularly intense analyst (probably with a crystal ball in one hand, a whiskey in the other), pointed out this V-shaped phoenix rising-aiming to reclaim the $10 throne. The candles, those silent witnesses to despair and hope, flashed a reversal after a series of “nope” sessions. Rejection? Check. Drama? Check.

Those higher lows and bullish gestures suggest UNI isn’t just fooling around; it’s holding its structural integrity like a tightrope walker at a carnival. The $8.00 mark remains unbreached-an unbreakable vow for bearish doomers, or so they hope. If the momentum persists and UNI manages to crawl back above $10.40, the resistance band between $11 and $12 might just become a reality show.

The Intraday Saga: Climbing the Mountain

From August 3 to 4, 2025, our dear token made a modest ascent, starting at $9.05 and ambitiously peeking above $9.34. The volume? Rising like a caffeinated squirrel, shouting, “Hey, I’m here, I’m serious!” indicating active market engagement, not just daydreaming on a Sunday afternoon.

Breaking past $9.20, holding above $9.30-progress, my friend. A shift in trend. Like a plot twist in a poorly written soap opera, but with charts.

With the current price at $9.32, up 3.09% in 24 hours, and a trading volume of over $274 million-more action than a Hollywood blockbuster. The market cap? About $5.6 billion-clearly a star in the crypto universe. If we stay above $9.30, a run towards $9.75 might be on the menu. But, if we drop below $9.20, the recovery could just be a mirage, a cruel joke played by candlesticks.

The volume stays steady, the slope climbs-no crazy spikes, no sudden panics. It’s almost… elegant. For bulls, the real challenge is waiting for the sequel: the breakout beyond $9.50, the true test of faith.

The Indicators: Signals from the Shadows

The MACD and RSI are whispering cautiously-“maybe, just maybe,”-but with a slight tremor. The MACD sits at 0.195, trailing behind the signal line at 0.452, with a negative histogram. It’s like a sprinter with tired legs, but still in the race.

To turn the tide, MACD needs to cross back above the signal line-kind of like a comeback in a gritty boxing match. As for RSI? It’s just below the neutral 50-balanced, but almost tired and wanting a second wind. The market’s waiting for those green lights, those reassuring signs that the bulls are back.

So, will UNI’s hero’s journey continue? Or will it stumble back into the shadows? The technical setup whispers hope but whispers are not enough-ready your popcorn, because the next act is always the most entertaining. And if the stars align, $11 to $12 might just be the next big scene. Roll credits? Not yet, my friend. Not yet.

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2025-08-05 02:44