{"id":1336,"date":"2025-05-29T08:36:49","date_gmt":"2025-05-29T08:36:49","guid":{"rendered":"https:\/\/bitunikey.com\/news\/uni-eyes-10-as-uniswapx-launch-triggers-inverse-hs-breakout\/"},"modified":"2025-05-29T08:36:50","modified_gmt":"2025-05-29T08:36:50","slug":"uni-eyes-10-as-uniswapx-launch-triggers-inverse-hs-breakout","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/uni-eyes-10-as-uniswapx-launch-triggers-inverse-hs-breakout\/","title":{"rendered":"UNI eyes $10 as UniswapX launch triggers inverse H&S breakout"},"content":{"rendered":"
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UNI is flashing early signs of a bullish reversal, with a potential inverse head and shoulders breakout forming on the daily chart.<\/p>\n

According to data from crypto.news, Uniswap (UNI) surged over 20% in the last 24 hours, reaching an intraday high of $7.6 on May 29, nearly 57% higher than its April low, while its market cap rose to around $4.4 billion.<\/p>\n

Meanwhile, its daily trading volume increased by more than 200% to surpass $1 billion. The surge was echoed in the derivatives market, where open interest climbed 20% to a record $514 million, signalling a spike in leveraged long positions.\u00a0 Positive funding rates typically mean the majority of traders are positioned for further gains.<\/p>\n

Technicals suggest more upside<\/h2>\n

From a technical standpoint, UNI appears poised for more sustained gains, having broken out of multiple bullish patterns on the daily chart.<\/p>\n

UNI broke out of an inverse head and shoulders pattern and confirmed the move with a bullish engulfing candle on Thursday. Adding to the bullish case, the 20-day and 50-day moving averages just formed a golden cross, typically seen as a buy signal.<\/p>\n

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UNI price, 20-day and 50-day SMA \u2014 May 29 | Source: crypto.news<\/figcaption><\/figure>\n

UNI price has also broken above a multi-month downtrend of lower highs and lower lows, clearing a key resistance zone. The SuperTrend indicator has also flipped bullish and is currently positioned below the price, providing another signal indicating further upside.<\/p>\n

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\n\"UNI\n<\/picture>
UNI Supertrend chart \u2014 May 29 | Source: crypto.news<\/figcaption><\/figure>\n

If this breakout holds, the inverse head and shoulders pattern suggests a potential move up to around $10, about 37% higher than current levels. That target also lines up with the 61.8% Fibonacci retracement level, giving it extra significance.<\/p>\n

<\/p>\n

A major bullish driver that could be fueling UNI\u2019s recent rally is UniswapX<\/a>, a new feature designed to optimize each swap by routing it through the best available source.\u00a0<\/p>\n

It works by letting multiple fillers compete to offer users the most favorable price, tapping into both on-chain and off-chain liquidity. By removing the need for batching and adding competitive pricing, UniswapX has sparked strong interest across the DeFi space.<\/p>\n

Adding to the momentum, large investors, also known as whales, have begun accumulating UNI in substantial amounts. According to data from Santiment, the number of addresses holding between 10,000 and 1 million UNI has jumped in recent days. This kind of accumulation usually signals growing confidence among large investors, which can often push prices higher.\u00a0<\/p>\n

Short-term pullback still on the table<\/h2>\n

Despite the bullish drivers and strong technical setup, there is still a key resistance level to watch around $7.87, which marks the 78.6% Fibonacci retracement and could act as a short-term hurdle, potentially leading to some consolidation or a minor pullback before the next leg up.<\/p>\n

On the downside, if UNI drops below $6.5, it could invalidate the current bullish breakout pattern. In that case, the price might retrace further toward $5.81, which coincides with the 50-day simple moving average and could serve as a key support level for buyers to step back in.<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

UNI is flashing early signs of a bullish reversal, with a potential inverse head and shoulders breakout forming on the daily chart. According to data from crypto.news, Uniswap (UNI) surged…<\/p>\n","protected":false},"author":1,"featured_media":1337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1336"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1336\/revisions"}],"predecessor-version":[{"id":1338,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1336\/revisions\/1338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1337"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}