Uniswap Price Tests Heavy Overhead Resistance
Uniswap's price is consolidating below heavy overhead resistance, showing lower highs as buyers test recovery momentum.Summary
Uniswap (UNI) price action reflects consolidation as it tests heavy overhead resistance, specifically near the $11.5 sell wall, following an earlier rally. The formation of lower highs suggests sellers are active, capping upside potential and preventing a clean extension of the prior breakout. Key demand zones between $6.00 and $7.00 continue to provide structural support, having previously triggered strong buying interest. While the market stabilized above mid-range on the latest retracement, the failure to clear resistance indicates waning bullish strength. Technically, the UNI/USDT pair shows rising volatility, trading near $8.12 and approaching the upper Bollinger Band at $8.896, having decisively broken above the $6.575 baseline. The MACD indicators support renewed bullish momentum, suggesting potential for upward extension if follow-through volume materializes.
(Source：Brave New Coin)