UNFI Poised for Potential Surge as Bullish Signals Emerge
Indicators on the daily chart of UNFI indicate the potential for the altcoin's price to keep increasing over the next 24-48 hours. One of these indicators pointing to a bullish move is the Moving Average Convergence Divergence (MACD).
As of the current moment, the MACD line is separating above the MACD Signal line. Additionally, the MACD Histogram has a positive gradient. All of these technical signals suggest the likelihood of UNFI's positive trend continuing.
Simultaneously, the daily Relative Strength Index (RSI) indicator indicates that buyers are currently in control over sellers in UNFI's daily chart. The RSI line is positioned above the RSI Simple Moving Average (SMA) line, and the RSI line has a positive slope. These factors imply that buyers may continue to drive up the value of UNFI in the next 24-48 hours.
If these bullish signals prove to be accurate, UNFI may attempt to turn the $12.310 resistance level into support before potentially reaching as high as $20.535 in the short term. It's important for traders and investors to be aware that a bearish rising wedge pattern has formed on UNFI's daily chart, which could suggest the possibility of UNFI's price retracing to the immediate support level at $7.695.
As of the current moment, the MACD line is separating above the MACD Signal line. Additionally, the MACD Histogram has a positive gradient. All of these technical signals suggest the likelihood of UNFI's positive trend continuing.
Simultaneously, the daily Relative Strength Index (RSI) indicator indicates that buyers are currently in control over sellers in UNFI's daily chart. The RSI line is positioned above the RSI Simple Moving Average (SMA) line, and the RSI line has a positive slope. These factors imply that buyers may continue to drive up the value of UNFI in the next 24-48 hours.
If these bullish signals prove to be accurate, UNFI may attempt to turn the $12.310 resistance level into support before potentially reaching as high as $20.535 in the short term. It's important for traders and investors to be aware that a bearish rising wedge pattern has formed on UNFI's daily chart, which could suggest the possibility of UNFI's price retracing to the immediate support level at $7.695.