$UNI (Uniswap) Market Breakdown — Bulls Under Pressure, But Opportunity Ahead!

Uniswap (UNI) has witnessed a long liquidation of $2.76K at $6.028, signaling that many leveraged buyers were flushed out as price dipped below key short-term supports. This kind of shakeout often hints at a potential relief rebound, especially if buying volume returns around critical levels.

🔹 Current Trend: Bearish short-term, neutral to bullish mid-term

🔹 Immediate Support: $5.85 – $5.90 zone

🔹 Key Resistance: $6.25 – $6.40 range

🔹 Buy Entry: Around $5.88 – $5.95 (accumulation zone)

🔹 Sell/Take Profit: $6.35 – $6.50

🔹 Stop Loss: Below $5.75

Market Insight:

The long liquidation suggests weak hands have exited, leaving room for stronger accumulation. If UNI holds above $5.90 with increasing volume, we could see a push toward the $6.40 region. Conversely, a break below $5.75 might trigger a slide toward $5.50.

Next Move:

Watch for a bullish reversal candle near $5.90 before entering long positions. Short-term traders can aim for quick profits up to $6.40, while swing traders should wait for confirmation above $6.50 for a broader uptrend continuation.

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