#BreakingCryptoNews 🚀 Latest News: UNI Surpasses $8
As of today, UNI traded above $8, marking a 34% gain since it was last around $5.99. A notable whale, accumulating UNI since May 21, has already seen floating profits of $1.35 million .
On-chain activity and trading volumes have surged—DEX-to-CEX ratio reached 62% in early June, highlighting growing preference for on-chain trading .
📊 Technical Analysis & Key Levels
1. Chart Patterns & Momentum
Broke out of a descending triangle, signaling bullish continuation despite recent legal noise .
Rising channel confirmed with strong volume: price moving above $6.75 after breaking $6.45 resistance, on heavy whale-backed volume .
Volume + momentum indicators are strong: MACD bullish cross, RSI above 50 (~58) — not yet overbought .
2. Support & Resistance
Key support zones: $6.56–$6.60 (CoinDesk), $6.50–$7.00 (TronWeekly) .
Resistance levels: Immediate — $7.00–$7.10; next targets at $8, then $8.3–8.6 ($7.57–8.59 per Coinpedia) .
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🎯 Price Targets & Future Predictions
Short-term:
Retest $8 level, driven by spike in trading volumes and whale momentum .
Possible rally toward $8.3–8.6 if breakout holds .
Medium to Long-term:
If $8.3 resistance is breached, potential for explosive move to $15+, per derivatives and TA data .
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🛠️ Educational TA Steps
1. Map trend lines: descending triangle and rising channel
2. Check volume: look for spikes during breakouts
3. Use MACD/RSI: bullish crossover + RSI >50, watch for overbought warnings
4. Mark key zones: support ~6.56–6.60, resistance ~7.0–8.3
5. Confirm breakouts: on-chain metrics, whale activity, DEX volume
6. Plan trades: set stop-loss just below support (~6.50), aim for 8.3, then 15+
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✅ Summary & Strategy Table
Aspect Key Levels / Notes
Latest Price Just above $8 with ~34% gains
Support $6.56–$6.60 — strong base from breakout
Resistance $7.00 → major $8 psychological level
Bullish Signals Volume surge, whale accumulation, RSI >50, MACD cross
Short-Term Target $8.3–$8.6 if current momentum holds
Long-Term Target Potential $15+ if $8.3 breaks decisively
TA Checklist Patterns + volume + indicators + on-chain data + risk management
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🎓 Educational Takeaway
Combining volume-driven patterns (like a descending triangle breakout) with momentum indicators (MACD, RSI) and real on-chain signals (DEX/CEX ratio, whale movements) can help you build a robust crypto trading strategy with clear entry and exit levels.
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