Home » Journal » UNIBOT Faces Critical Test at $152 Resistance After 34% Breakout Says Top Crypto Analyst – Here’s His Outlook

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UNIBOT Faces Critical Test at $152 Resistance After 34% Breakout Says Top Crypto Analyst – Here’s His Outlook

Maxwell Mutuma

September 2, 2023

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In a recent market update by Rekt Capital, a leading financial analysis firm, reported that UNIBOT, the popular cryptocurrency, has experienced a significant rally of 34% since its breakout. However, the digital asset has faced strong resistance at approximately $152, preventing it from gaining further. This resistance level is crucial for UNIBOT’s future price action, as it has historically been a challenging point to surpass.

The $152 Resistance: A Make-or-Break Level

However, the euphoria may be short-lived if UNIBOT fails to break beyond the critical resistance level of approximately $152. This black line has proven to be a formidable barrier, as evidenced by the asset’s recent rejections at this price point. Until UNIBOT can successfully breach this resistance, it will technically continue to oscillate within the black-black range, a historically contested battleground for bulls and bears.

Previous instances where UNIBOT faced rejections at the $152 Range High have led to a downside, pulling the asset back to the Range Low support level of $115. This pattern suggests that the asset is at a pivotal juncture, and its next moves could be decisive for its short-to-mid-term price action.

The Risk of Retracement: Back to Square One?

The inability to break past the $152 resistance could mean that UNIBOT is at risk of returning to its breakout point. The asset could be at the green support level from which it initially rallied. Such a move would erase recent gains and dampen investor sentiment, leading to further downside.

The current technical setup indicates that UNIBOT is at a crucial stage. Its ability or inability to break past the $152 resistance will likely set the tone for its future price action.

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