$UNI Alert! Is Uniswap Preparing for a Bounce or Further Dip?

UNI/USDT is currently trading at $7.036 after a -1.12% change. It hit a 24h high of $7.322 and a low of $6.856.

Key chart insights:

* Price is hovering around the MA(25) at $7.065.

* The MA(7) at $7.176 is just above the current price, indicating slight short-term weakness.

* A strong support could be found near the MA(99) at $6.748 if the bearish pressure continues.

Keep an eye on volume! Increased buying volume could signal a reversal.

What's your take on UNI's next move? Drop your predictions below! 👇

#UNI #Uniswap #DeFi #CryptoTrading #MarketAnalysis

Disclaimer: This post is for informational purposes only and not financial advice. Always conduct your own research (DYOR) before making investment decisions.