Quick Facts:
- Price: UNI reached $10.18, up 3% daily and 11% weekly.
- Bullish Pattern: Adam & Eve pattern suggests a target of $13.
- Breakout Level: $10.1 is the key resistance to watch according to prediction by Ali Martinez on X.
Uniswap (UNI) surged past $10 on February 14, maintaining support through Saturday as market sentiment improved. The DeFi token rallied 3% in 48 hours and 11% over the past week, benefiting from the Friday market momentum.
Despite this rebound, UNI remains down 15% over two weeks and 30% over the past month, largely due to a drop below $8 earlier. However, analysts are optimistic, noting a potential bullish breakout if UNI sustains its position above the $10.1 resistance, with projections targeting a rise to $13 (+30%).
The Adam & Eve Pattern Explained
Uniswap (UNI) is showing strong bullish momentum, with popular crypto analyst Ali Martinez predicting a potential price surge to $13, representing a 30% gain. Martinez’s analysis is based on the formation of an Adam & Eve pattern on Uniswap’s hourly chart, a classic technical indicator suggesting a reversal from bearish to bullish sentiment.
The Adam & Eve formation is characterized by a sharp V-shaped dip (Adam) followed by a rounded U-shaped bottom (Eve). According to Martinez, the critical level for confirming the breakout is $10.1. If UNI closes above this point, it could trigger a rally toward the $13 target. Currently, Uniswap has already experienced a 3% price increase over 48 hours and an 11% rise over the past week, fueled by improved market conditions. However, the broader performance still shows a 15% drop over two weeks and a 30% decline over the past month.
Despite these setbacks, market sentiment is turning positive, with traders closely watching the $10.1 breakout point as a gateway to further gains. Analyst optimism, combined with increasing trading volume, suggests that a successful breach of this resistance level could drive UNI to new local highs.
Market Outlook and Bullish Momentum
Uniswap’s recent rally past $10 was primarily driven by the announcement of Unichain, its proprietary Ethereum Layer 2 scaling solution, launched on Tuesday. Built using OP Stack, Unichain enhances transaction speed, reduces gas fees, and improves liquidity efficiency, marking a significant expansion within the Uniswap ecosystem.
Integrated with Optimism’s Superchain, Uniswap Labs will contribute 2.5% of Unichain’s gross revenue (or 15% of net revenue) to the Optimism Collective, supporting rollup technology development. Following the launch, UNI surged 4.5% to $9.70, gaining momentum and breaking the $10 resistance by Friday. If Uniswap maintains momentum, the next resistance at $13 could be within reach. However, traders should watch for volatility around the $10.1 level, as a failure to hold support could trigger a pullback.
