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Crypto

UNI Price Tests Key Resistance Zone

Guavy AI Editorial Team
Instruments
UNI
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Uniswap's UNI token has been on an upward trajectory since its June lows, and it continues to test key resistance levels around $3.90-$4.05.

The token has formed a well-defined ascending channel, indicating a steady recovery from its lows.

Buyers have consistently pushed the price higher, forming higher highs and higher lows, which suggests that they remain in control of the market.

However, the Cumulative Volume Delta (CVD) remains relatively subdued, suggesting that buying pressure has yet to fully confirm the rally.

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