The price of Uniswap (UNI) skyrocketed nearly 20% in the past 24 hours, reaching its highest level in three years. This rapid rise brings the UNI price closer to breaking through critical Resistance levels, potentially leading to larger gains.

RSIIndicators like BBTrend indicate that momentum is improving, and if the Call sentiment continues, further increases are possible. However, maintaining strong support at $14.5 is crucial to sustaining this upward trend and avoiding further pullbacks.

The UNI RSI remains below the overbought area.

The Uniswap RSI surged from 33 two days ago to 67, reflecting a sharp increase in Call momentum. This rapid rise indicates that the asset has shifted from an oversold state to a more neutral to bullish Range, consistent with its recent price rebound.

Current RSI levels indicate strong buying activity, but are approaching the overbought threshold, and if buying momentum slows down, further upward movement may face Resistance.

RSI, which is used to measure the speed and magnitude of price changes to assess overbought or oversold conditions.Relative Strength IndexA value below 30 indicates an oversold level, suggesting potential Buy opportunities, while a value above 70 indicates overbought conditions that may lead to price adjustments.

If UNI's RSI can break above 70 and maintain that level without an immediate pullback, the Uniswap price may continue to rise. Historical trends show that when UNI's RSI remains above 70 for an extended period, it usually experiences a significant price increase before a pullback, indicating further upward potential in the short term.

Uniswap BBTrend is currently negative.

UNI BBTrend has rebounded from -2.47 a few hours ago to -0.82, indicating an improvement in price momentum. This shift indicates that the bearish pressure seen earlier is easing, suggesting a potential stabilization or even a reversal to bullish conditions.

Although BBTrend remains in the negative zone, the upward trend reflects strengthening support and a potential resurgence of buying interest.

BBTrend, which is based on Bollinger Bands, measures the strength and direction of price movements. Positive values indicate a Call trend, while negative values indicate a Put situation. Uniswap BBTrend has been positive since November 24, peaking at 22.6 on December 9, then turning negative between December 11 and 12.

The recent rebound from -2.47 to -0.82 indicates that selling pressure is weakening. If BBTrend turns positive again, UNI price may see larger gains.

UNI price forecast: Can it return to $25 in three years?

UNI price is currently holding strong at around $14.5.ResistanceIf a downtrend occurs, this Resistance may become a key area for stabilizing prices. If this Resistance is lost, prices may decline further and could test $13.5 as the next important level.

These support areas are crucial for preventing deep corrections and maintaining market confidence during selling pressure.

On the other hand, if the current upward trend continues, the UNI price may soon test the resistance level of $19.47 and could potentially rise to $20. Breaking through these levels would mark Uniswap's highest price in three years, indicating strong Call momentum.

If it continues to rise to $25, it will reach the highest price since November 11, 2021, highlighting that if the upward trend strengthens further, it may return to the long-term Call zone.