$UNI / USDT – Market Overview 📉📊
Current Price: $6.99
24-Hour Range: $6.870 – $7.959
Volume (24h): 16.46M UNI / $119.43M
Daily Change: -12.42% (Sharp Decline)
Market Summary:
Uniswap ($UNI) is experiencing significant downward pressure, dropping over 12% in the past 24 hours amid heavy selling activity. The price has broken below a critical support level around $7.20 and is currently hovering near $6.87—levels not seen since early May. Volatility remains high, but signs of a short-term rebound may be forming.
Trade Entry Zones (Potential Reversal Play):
Aggressive Entry: $6.85 – $6.95
Conservative Entry: Wait for a confirmed move above $7.20
Upside Targets (if bounce confirms):
Target 1: $7.40
Target 2: $7.75
Target 3: $8.00
Risk Management:
Stop Loss: Below $6.70 (to minimize risk on further downside)
Key Technical Levels:
Immediate Support: $6.87 / $6.70
Resistance Zones: $7.40 / $7.95
Critical Breakdown Level: $6.50
Trader’s Note:
A technical bounce is possible due to oversold conditions, but this setup is best suited for short-term trades unless $7.50+ is recovered with conviction. If Bitcoin continues to weaken, $UNI could decline toward $6.50 or lower. Use tight stop-loss strategies and manage risk closely in this volatile environment.