📈 Key Levels for UNI/USDT
The chart shows that UNI recently experienced a significant spike (up to $10.300) followed by a sharp correction, and is now consolidating near a crucial area.
⬆️ Resistance Levels (The Ceiling)
Resistance levels are price points where selling pressure is expected to be strong, limiting further upward movement.
Immediate Resistance: $8.75 – $9.00 This is the area of the recent corrective high after the spike, and a level where the price has struggled to hold. Major Resistance (The Spike High): $10.00 – $10.30 This is the key psychological and technical level. The price was sharply rejected here after the recent news-driven spike. A sustained breakout above $10.30 on high volume would signal a major bullish trend reversal.
⬇️ Support Levels (The Floor)
Support levels are price points where buying interest is expected to be strong, preventing further downward movement.
Immediate Support: $7.70 – $7.80 This zone, identified by recent demand and historical pivots, is considered the crucial decision point right now. Holding this level is essential for a near-term recovery. Stronger Support: $7.00 – $7.20 This was a previous resistance area that was broken, and it is expected to act as strong support (known as a "flip"). This is a critical floor for the current uptrend. Note: Your chart shows a recent 24h Low of $7.474. Critical Support: $5.00 – $5.20 This marks a significant long-term accumulation zone and the low that preceded the recent major rally. A sustained break below the $7.00 support would likely target this lower critical floor.
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