Decoding the UNI Breakout: New Target Locked!
$UNI The UNI/USDT chart is textbook material for a breakout after a consolidation period! That move from $6.63 to $9.11 is a phenomenal display of buying power, translating to a massive +35.91% jump in just a few 4-hour candles.
Technically, the price has absolutely smashed through the 7, 25, and 99 Moving Averages (MA), turning them from potential resistance into strong support levels. The MA(99) at $6.041 is now far below the current action, signaling a decisive shift from a longer-term downtrend to a powerful bullish phase.
$UNI The immediate volume suggests traders are reacting fiercely to the new governance proposals that aim to unlock UNI's value.
We've already wicked up to $10.30—that's your short-term target. Watch for consolidation around the current $9.00 level. This momentum is real, but keep an eye on volume to ensure a sustainable continuation!
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