UNFI Crypto Next target is Huge: Massive Breakout in this coin!

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UNFI Crypto coin has just given a huge breakout which could push the crypto to even more high prices.

In this article, we will look at UNFI crypto price analysis along with weekly analysis and news roundup.

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UNFI Crypto Price Target

  • Current Price: $5.72
  • Market Cap: $516 million
  • 24-Hour Trading Volume: $57,983,865
  • Circulating Supply: 7.9 million UNFI
  • Total Supply: 10 million UNFI
Unfi Crypto Price Target

Bounced from trendline support and has broken trendline resistance also made 1 day candle closure above it.

Weekly Price Analysis

Over the past week, UNFI has shown notable volatility with an overall increase of approximately 9.90%. Key highlights of the week include:

  • 7-Day Change: +9.90%
  • Peak Price: $6.00 (earlier in the week)
  • Lowest Price: $5.00 (mid-week)

Potential Indicators

  • Relative Strength Index (RSI): Currently around 70, indicating that the token is approaching overbought territory.
  • Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, indicating a bullish trend.
  • Support and Resistance Levels: The immediate support level for UNFI is at $5.00. If the price falls below this level, it could indicate a bearish reversal. The immediate resistance level is at $6.00. Breaking above this level with strong volume could signal a continuation of the bullish trend.
  • Market Trends: High trading volumes suggest strong investor interest and liquidity. Sustained high volumes can support price increases and reduce the impact of large sell orders.

Conclusion

UNFI Crypto can be a good buying candidate for breakout trade and if the coin falls slightly and gives a retest of this level this can be sign of a even better breakout.

As always, the cryptocurrency market remains volatile, and it’s crucial to stay updated with the latest news and developments.

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

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Harsh Panghal
Harsh Panghal

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