is looking strong and might aim for higher levels above the $10 resistance. After weeks of performing terribly, the altcoin has seemingly seen a reversal pattern, potentially staging a breakout.Recent price movements show a recovery from lower levels. The MA50 recently crossed above the MA200 , which is typically a bullish signal known as a ‘Golden Cross.’
The RSI at 52.68 means that Uniswap is neither overbought nor oversold, leaving room for potential movement in either direction without immediate pressure from traders looking to sell off an overbought asset or buy an oversold one.Multiple inverse head and shoulder patterns are seen throughout the UNI/USDt chart. These patterns are typically considered bullish reversal setups. Completing the patterns always leads to a bullish phase.