Uniswap’s patterned breakout is likely, investors can benefit from these targets

Uniswap's [UNI] patterned breakout is likely, investors can benefit from these targets

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionThe altcoin recorded an uptick in open interest rates at press time.

However, a bearish breakout would invalidate the above bias. Such devaluation could see UNI drop to the bearish target of $5.562.UNI was highly bullish on the 12-hour chart, with the Relative Strength Index valued at 60. Therefore, a bearish breakout could be highly unlikely. However, UNI’s active addresses have declined significantly by press time. But the number of active addresses trading the asset will change as BTC surges, boosting UNI’s trading volumes and buying pressure.

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