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Uniswap (UNI) Jumps 20%, Marks Highest Price in 3 Years

Uniswap (UNI) Jumps 20%, Marks Highest Price in 3 Years
The price of Uniswap (UNI) has surged nearly 20% in the past 24 hours, reaching its highest levels in three years. This rally has brought UNI closer to breaking key resistance levels, which could result in greater gains. Metrics such as RSI and BBTrend suggest improving momentum, with the potential for continued upward movement if bullish sentiment persists. However, maintaining strong support at $14.5 will be important to sustain the uptrend and avoid a deeper pullback. If UNI's RSI can surpass 70 and remain above that level without an immediate correction, the price could continue to rise. Similarly, if BBTrend turns positive again, UNI price could experience an even larger surge. Currently, UNI has a strong support level at $14.5, which could serve as a stabilizing point in case of a decline. If this support fails, the price could drop further, potentially testing $13.5. However, if the current uptrend continues, UNI price could test resistance at $19.47 and potentially rise to $20, marking its highest price in three years. A further rally toward $25 would indicate a return to long-term bullish territory.

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