UNI is gearing up! The DeFi leader is on the verge of a breakthrough, and FOMO sentiment is igniting a bull market frenzy.
Current UNI price is $8.354, with a neutral to strong technical outlook, a 24-hour increase of 2.84%, but trading volume is slightly below average. It is recommended to buy on dips in the short term: Entry at 8.35, target at 8.55, stop loss at 8.12, risk-reward ratio of 0.87. Risks: Regulatory news (such as Connecticut's ban) or insufficient liquidity may trigger a pullback; a drop below 8.12 requires a stop loss.
Technical analysis
• Price Status: Bollinger Bands at 53.24% (upper middle band), indicating upside potential; MA200 deviation at 25.59% (above long-term moving average), confirming the bull market foundation; holding cost deviation at 21.53% (above cost), supporting bullish sentiment.
• Market Strength: Volume ratio at 0.95 (slightly low), needs volume confirmation for the breakout; price and volume correlation shows recent rise has volume support, but a 4-hour reduction in volume adjustment; open interest increased by 8.29% in 24 hours, long-short ratio rose to 3.6131, smart money is leaning long; news on stablecoin demand rising (bullish for DeFi), but FTX repayment issues (bearish) are not fully digested.
• Key Levels: Support at 8.12 (Bollinger lower band), 8.0 (psychological level), resistance at 8.55 (Bollinger upper band), 9.0 (liquidity zone); liquidity is concentrated at 6.0-5.5 (buyers) and 9.0-9.8 (sellers, total value over 2 million USDT); buy-sell pressure ratio at 0.846 (selling dominant), more near buy orders but strong barriers on medium to long sell orders, liquidity gap near 9.8 (large sell orders may obstruct upward movement).
Market Cycle Analysis
Currently in the mid-bull market, based on recent gains (28.33% increase over 2 days) and bullish dominance, but may experience fluctuations near resistance zones.
Trading Strategy
• Entry point: 8.35 (current price, aggressive)
• Stop loss point: 8.12 (support level)
• Target point: 8.55 (resistance level)
• Risk-reward ratio: 0.87
Risk Warning: Regulatory events (such as government bans) or liquidity traps (such as sell pressure on the order book) are the main risks; strategy may fail if it drops below 8.12; position size ≤ 2%, avoid low liquidity periods (such as Asian nighttime).
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