Uniswap (UNI) Approaches Key Resistance, While Celestia (TIA) Prepares for a Potential Breakout
Two analysts have shared with their followers on X (formerly Twitter) the continuous bullish situations for Celestia (TIA) and Uniswap (UNI). Investors are watching TIA closely since its price looks like it might make a big move soon. Additionally, they are keeping an eye on UNI, which has hit a price point where it frequently struggles to rise.
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Uniswap (UNI) Price Eyes Key Resistance Levels
AltcoinView provided a review of the UNI price trend, emphasizing the token’s daily increasing velocity. The analyst noted that UNI has just closed above the 200-day moving average (MA), which frequently indicates performance strength.
According to AltcoinView, the price has already taken buy-side liquidity at $8.593 and retested support at $7.220, reaffirming this level as a solid foundation.
The analyst suggests that a daily close above $8.092 would confirm further upward movement toward $8.593, with $9.648 serving as the next significant target.
The Fibonacci extension levels on the chart support this projection, showing potential resistance at $9.648 and $10.126. As long as UNI maintains its position above the 200-day MA and holds the support at $7.220, the outlook remains positive. However, a failure to close above these levels could lead to a potential pullback.
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Show more +Celestia (TIA) Price Shows Signs of a Bull Flag Breakout
Satoshi Flipper’s analysis of TIA’s 4-hour chart points to a bull flag pattern, a formation that often indicates bullish continuation. Consolidation is possible given the price’s descending channel movement and oscillation between the upper and lower trendlines.
As the bull flag channel has “filled out,” the expert pointed out that a breakout might lead to a substantial upward move.
Satoshi Flipper stated that TIA’s price is “ready to go bonkers,” indicating anticipation of a breakout from the upper trendline. The key resistance zone for TIA is around $6.10 to $6.15, while the lower trendline near $5.80 serves as crucial support. Should a breakout occur, typical targets based on the length of the flagpole would project the price toward $6.50 or higher.
Read Also: Raydium (RAY) and PYTH Approaching Key Levels: Is a Breakout on the Horizon?
Analysts Perspectives and Market Sentiment
Both analysts have expressed optimism regarding their respective analyses of UNI and TIA. AltcoinView’s focus remains on achieving a daily close above critical resistance levels, while Satoshi Flipper is watching for a breakout from the bull flag pattern. These signals have generated interest among traders, as bullish breakouts could lead to notable gains.
The tweets indicate a growing anticipation for upward movements, with AltcoinView emphasizing liquidity zones and price targets and Satoshi Flipper playfully alluding to an imminent breakout with “tick tock, tick tock.” Traders are urged to watch these key levels, as confirmed breakouts could lead to strong rallies.
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