UNI Surges 30%: Bullish Breakout Sparks $13 Target Talk

UNI's price surge by another 30% to hit... is a topic of interest in the crypto market, with analysts assessing the likelihood of such a move. Uniswap's recent breakout from an Adam & Eve pattern has sparked speculation about a potential 30% upswing towards $13.

The Adam & Eve pattern signifies a transition from a downtrend to an uptrend, formed by a sharp 'Adam' peak followed by a more rounded 'Eve' trough, representing consolidation before a breakout. A breakout from this pattern could hint at a shift in market sentiment, followed by significant price movement.

The MACD's bullish crossover highlighted the uptick in buying momentum across the market, with the histogram flashing positive values, reinforcing the buying strength following the breakout. At the time of writing, the RSI stood at 50.16, signaling a neutral market, but it seemed to be moving towards overbought territory, indicating that buying pressure could continue and make the $13 target more plausible.

Total Netflow analysis revealed minimal selling pressure, with modest netflows of 348.55k UNI on 14 February 2025. This bodes well for the bullish case, as low selling pressure tends to support upward price movements and sustained rallies.

The Break-Even Price chart showed that a significant portion of UNI holders are currently in profit, with $297.03 million in UNI profitable. This positions many investors to either hold or buy more, potentially pushing the price higher. Additionally, $689.98 million worth of UNI remains at a loss, and if the price moves towards break-even levels, those in the red may start buying, contributing to greater upward pressure.

Finally, the Cumulative Volume Delta (CVD) chart provided insights into net buying and selling pressure. A recent trend towards negative CVD hinted at a hike in selling pressure, but a reversal of this trend could signal a shift towards buying, reinforcing the bullish sentiment. If selling pressure subsides and buying intensifies, UNI is likely to move closer to the $13 target, signaling strong market absorption of sell orders.