The UNIBOT price broke down from a long-term pattern on September 2, culminating with a low of $55 eight days later.
However, the price has recovered admirably since, breaking out from a descending resistance line in the process.
UNIBOT Price Breaks Down from Heads & Shoulders Pattern
The UNIBOT price has traded inside a head and shoulders pattern since July 24. The head and shoulders are considered a bearish pattern, usually leading to breakdowns.
This was the case in UNIBOT, which broke down from the pattern on September 2. The breakout was swift and led to a low of $55 on September 10.
However, the price has increased since. The increase accelerated on September 14, when the UNIBOT price increased by 21% in a 24-hour span.
Moreover, the price broke out from a descending resistance line that had been in place since the all-time high on August 16, which coincided with the top of the head and shoulders pattern.
If the increase continues, the closest resistance will be at $110, 20% above the current price. On the othe
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Author: Valdrin Tahiri
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