Uniswap’s (UNI) price is expected to rise by another 30% as investors capitalize on a potential breakout from an Adam & Eve pattern, signaling strong buying momentum. The altcoin’s RSI indicator showed a neutral reading of 50.16 at press time but was moving towards overbought territory, suggesting that buying pressure could continue.
A recent breakout from the Adam & Eve pattern is seen as a key signal for UNI’s upswing. This pattern typically represents consolidation before a breakout, and its appearance has been accompanied by a bullish MACD crossover and positive histogram values. The rising RSI further indicates an increase in buying momentum.
Minimal selling pressure signals an opportunity for investors to buy into the market. A significant net flow of 348.55k UNI into exchanges on February 14, 2025, suggests that selling pressure is low, making upward price movements more likely to succeed.
Key levels for UNI’s price action include $297.03 million in profitable holdings and $689.98 million worth of losses. As the price approaches break-even levels, those with losses may start buying, contributing to greater upward pressure.
The Cumulative Volume Delta (CVD) chart shows a recent trend towards negative CVD, indicating selling pressure. However, a reversal could signal a shift towards buying, reinforcing the bullish sentiment. If selling pressure subsides and buying intensifies, UNI is likely to move closer to its $13 target, signaling strong market absorption of sell orders.
Overall, the combination of an Adam & Eve pattern breakout, positive MACD crossover, rising RSI, low selling pressure, and a potential reversal in CVD suggest that UNI’s price surge could continue, potentially reaching the $13 target.
Source: https://ambcrypto.com/assessing-the-odds-of-unis-price-hiking-by-another-30-to-hit