Uniswap (UNI) price trades inside an ascending triangle pattern; a breakout signals a rally ahead.
Uniswap price is squeezed between the boundaries of an ascending triangle; a breakout signals a bullish move ahead. On-chain data shows a bullish bias as UNI’s Exchange Flow Balance is negative, and the exchange supply decreases. A daily candlestick close below $5.54 would invalidate the bullish thesis. Uniswap price trades inside an ascending triangle pattern; a breakout signals a rally ahead.
However, since the Relative Strength Index and Awesome Oscillator indicators on the daily chart are firmly above their respective neutral levels of 50 and zero, the possibility of a slowdown above is unlikely. UNI/USDT daily chart Santiment’s Exchange Flow Balance shows the net movement of Uniswap tokens into and out of exchange wallets. A positive spike indicates more tokens have entered than exited, suggesting selling pressure from investors.
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