Uniswap is experiencing a crucial moment as bulls defend the $12.3 support level. If they succeed, Uniswap could test higher resistance levels and potentially move upward. Traders and analysts are closely monitoring this level, as it has held as support in previous price cycles. UNI is also approaching the 100-day Simple Moving Average (SMA) and the Composite Trend Oscillator is indicating a possible market correction or reversal. The positive outlook suggests that negative strength may be weakening and buying pressure could take over, leading to a price rebound. However, the ability to move above the 100-day SMA and the strength of the RSI will determine the success of this recovery. If the bulls maintain their strength, UNI's price could rally towards the $15.7 resistance level. On the other hand, failing to defend the $12.3 level could result in increased selling pressure and lower prices towards the $10 support mark. A decisive break below this level could trigger further losses.



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