A flawless Cup and Handle pattern has emerged on the 4-hour chart, with UNI successfully breaking above a key resistance level. This bullish breakout indicates a strong move ahead
A flawless Cup and Handle pattern has emerged on the 4-hour chart, indicating a bullish trend. UNI has successfully broken above a key resistance level, signaling a strong move ahead. Based on the depth of the pattern, a price target of $16.47 is established. The setup is solid, suggesting significant upside potential.
Moreover, the Total 3 market cap has broken out of its resistance and completed the retest, indicating a bullish trend. This breakout is significant as it shows that altcoins are preparing for a strong surge. As Total 3 represents the market cap excluding BTC and ETH, this breakout is a clear indication of the altcoin rally.
Notably, liquidity is acting as a gravitational force on price under the current bearish pressure. The market is converging towards the $14.58 liquidity zone with remarkable precision. This level is attracting increasing attention, suggesting a strong focus on this key cluster.
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