$UNI โ€“ Short-Term Dip, Long-Term Hope? ๐Ÿšฆ

Uniswap ($UNI ) is currently priced at $7.184, down -4.99%, signaling a sharp intraday correction after hitting a 24h high of $7.775. The hourly chart shows a steep descent, suggesting strong short-term selling pressure.

๐Ÿ“Š Chart Insights:

Price action reveals a reversal from the $7.775 peak, with consecutive red candles dominating.

Currently hovering just above the $7.158 support zone, this level needs to hold to avoid slipping into the $7.00โ€“$6.85 range.

The order book bias (47.06% buy vs. 52.94% sell) supports a cautious sentiment.

๐Ÿ“ˆ Performance Overview:

Despite today's pullback, UNI is up +18.13% over 7 days and +16.33% over 90 days, indicating a resilient mid-term structure.

Long-term, however, itโ€™s still down -56.98% over 180 days, showing itโ€™s yet to reclaim broader bullish territory.

๐Ÿ” Investor Watch:

$UNI might be cooling off after a strong rally. A potential bounce near $7.15 is possible if buyers defend support. For a trend reversal, look for a break above $7.40, with volume confirmation.

๐Ÿ“Œ Key Levels:

Support: $7.15 / $7.00

Resistance: $7.40 / $7.77

MACD and BOLL indicators could confirm divergence or oversold zones.

โš ๏ธ Disclaimer: This post is for informational purposes only. It is not financial advice. Always DYOR and use proper risk controls when trading.

#Uniswap #UNI #TradersLeague #TradingInsights #ChartAnalysis