Uniswap’s recent breakout from an Adam & Eve pattern has generated significant buzz in the cryptocurrency market, catching the interest of many traders. Following this breakout, there is a growing anticipation of a potential 30% price increase, pushing UNI towards $13.
A Crucial Indicator for UNI’s Upward Movement
The Adam & Eve pattern marks a shift from a downtrend to an uptrend, characterized by a sharp ‘Adam’ peak followed by a more rounded ‘Eve’ trough. Typically, this pattern signifies a period of consolidation before a breakout.
A breakout from this pattern can indicate a change in market sentiment, often accompanied by substantial price action.
The bullish crossover on the MACD indicator indicates a rise in buying momentum in the market. Furthermore, the histogram displaying positive values strengthens the buying momentum following the breakout.
Currently, the RSI sits at 50.16, indicating a neutral market stance. However, there are signs of an impending shift towards overbought levels, suggesting that buying pressure might persist and drive UNI towards the $13 target.
The combination of the Adam & Eve pattern, bullish MACD crossover, and increasing RSI points towards a potential significant growth in UNI’s value, aligning with the projected 30% price surge.
Insights from Minimal Selling Pressure Indicate Opportunity
An analysis of Total Netflow provides insights into the flow of UNI into and out of exchanges.
A substantial netflow into exchanges could indicate high selling pressure, while a decrease in netflow might suggest accumulation by investors.
Recent data shows a modest netflow of 348.55k UNI on 14 February 2025, indicating minimal selling pressure. This scenario favors a bullish outlook, as low selling pressure typically facilitates upward price movements, strengthening the possibility of a sustained rally towards $13.
Crucial Levels Impacting UNI’s Price Performance
Analysis of the Break-Even Price chart reveals that a significant portion of UNI holders are currently in a profitable position, with $297.03 million worth of UNI in profit. This positions many investors to hold onto their assets or even increase their holdings, potentially driving the price upwards.
Conversely, $689.98 million worth of UNI remains at a loss. If the price inches closer to break-even levels, investors in the red may start buying more, contributing to increased upward pressure.
This dynamic indicates that as UNI approaches the $13-target, heightened buying activity could further fuel the price surge.
Boosting UNI’s Upward Movement through Buying Pressure
The Cumulative Volume Delta (CVD) chart offers deeper insights into the net buying and selling pressures in the market.
A recent trend showing negative CVD suggests increased selling pressure. However, a reversal of this trend could signal a shift towards buying pressure, reinforcing the bullish sentiment.
The breakout from the Adam & Eve pattern, combined with a positive shift in CVD, could validate the ongoing buying momentum. With a decrease in selling pressure and a rise in buying interest, UNI is likely to move towards the $13 target, indicating a robust market demand for buy orders.