UNI Approaches $12.00 Key Resistance Amid Strong Bullish Momentum

The UNI token is currently testing the historically significant price level of $12, a threshold that has historically triggered major market reactions in the past. After a multi-month rally, UNI has climbed to 11.99, nearing the $12.00 mark, which is widely regarded as a key resistance level. A successful break and hold above this level could reinforce bullish momentum and potentially propel the price toward $14.00 or beyond [1].

Technical indicators suggest that UNI remains above both its 7-week and 25-week moving averages, a sign of sustained bullish control [1]. This alignment on the weekly chart indicates ongoing support from long-term buyers and reflects a healthy uptrend despite occasional rejections at key levels. Sustained consolidation above the $10.00–$10.20 range could provide the foundation for another breakout attempt, with volume remaining a critical factor in confirming the move [1].

Recent price action shows strong buying pressure, particularly in the wake of a consolidation phase. The increased activity on the price chart suggests that market participants are preparing for a potential breakout. However, a failure to reclaim $12 could trigger renewed downward pressure, with a potential retest of support near $10.00. Maintaining strength above this support level is essential for preserving the bullish structure [1].

Volume data has shown higher participation during previous rallies, indicating growing interest in the UNI token. Although recent sessions have seen slightly reduced activity, the overall trend remains positive. A breakout supported by strong volume would serve as a key validation of the bullish case. Conversely, a lack of follow-through volume could lead to short-term corrections before renewed attempts at the $12 level [1].

The price action aligns with established chart patterns that have historically reacted strongly at $12. Past encounters with this level have resulted in either sharp reversals or failed breakouts, making the current test a critical moment for determining short-term market direction. Analysts and traders are closely watching for confirmation of a sustained move above this level, which could signal a shift toward a stronger uptrend [1].

Source:

[1] UNI Targets $12 Reclaim After Strong Multi-Month Rally – [https://coinmarketcap.com/community/articles/689b222ab37c0311606518fe/](https://coinmarketcap.com/community/articles/689b222ab37c0311606518fe/)