Uniswap jumps 20% because Bitcoin breaks 100k again

• Uniswap gathered over 30% because Bitcoin returned $ 100k.
• A $ 8 resistance could become sticky if piercing carriers are being broken.

Uniswap (un) He pumped 26% on May 8. Bitcoin was blowing over $ 100 for the first time after three months.

On May 9, before the US market has opened, a defined token published an additional 3% gain, which has led the total recovery in the last 48 hours to 35%.

But can the rally expand on a weekend with a key obstacle in a $ 7.5 to $ 8 zone?

Uni -Away forward

The Q1 landfill mitigated about $ 5, the same level that stopped the dipping in August 2024. If the recovery should be repeated last August, the main immediate target is at $ 8 (red zone).

So the bulls could still stimulate an additional gain of 18-20% of the current levels from $ 6.3 to $ 7.5 to $ 8.0. In fact, the RSI was near an overcrowded territory, which means that the reversal signs were yet to be flashed.

In addition, the average true range (ATR), which accompanies Volatility, was still low, which suggests that the rally may be far from completion.

On the contrary, the bull’s thesis will be invalid if the Uni slides below the 50s (exponential moving average) to $ 5.8.

Over 60% of UNISWAP owners on breakthrough

It is worth noting that the overhead obstacle could be sticky due to two key factors. First, only 8% of the Uni owners were profit from the current value, but 61% of the owners were at a burglary level.

In the worst scenario, investors in Break-Even could fill their stock to preserve their capital and stop the rally.

In fact, Santiment further showed that those who kept token in the last 30 days were an average unrealized profit of 18%.

This could make short -term owners book a profit.

Together, a 8 -dollar overhead system could be a challenge for a bulls, especially if BTC slides below 100k.

However, if the risk mood is expanded and the dominance of BTC drops to 60% or lower, the Uni could imagine $ 9.5 or a psychological level of $ 10.

Representation of Liability Revenue: The presented data does not represent financial, investment, trading or other types of advice and are exclusively a printer opinion