$UNI ๐โผ๏ธ Big Sellers and Strong Resistance Test UNI at Market! โจ๏ธ๐โ
Uniswap (UNI) is encountering heavy selling pressure combined with a formidable resistance zone thatโs challenging bullish momentum. Large holders are actively offloading tokens, creating significant supply that meets demand near key price levels. This dynamic is causing multiple rejections and stalled rallies, signaling a battle between buyers and sellers. โ๏ธ๐
Volume analysis highlights spikes in sell orders when UNI approaches resistance, reflecting profit-taking and distribution from whales. On-chain data confirms increased exchange inflows, suggesting that bigger players are preparing to exit positions or reduce exposure. ๐๐
Technically, UNI is struggling to break past its resistance, with momentum indicators showing weakening strength. The RSI is trending downward from overbought levels, and MACD is signaling a bearish crossover, adding to the cautionary tone. โ ๏ธ๐ป
Traders should keep a close watch on this critical resistance zone. A failure to break through with conviction could lead to a deeper pullback or consolidation phase. Conversely, a strong breakout supported by volume might shake out sellers and renew buying interest. ๐ข๐
Risk management is crucial in this environment, as volatility may increase with the tug-of-war between buyers and sellers. Patience and disciplined entries will be key to navigating UNIโs next moves successfully. โณ๐ก
In summary, UNI faces significant selling pressure and strong resistance that could define its near-term trend. Staying alert and watching for clear signals will help traders position effectively in this challenging market phase. ๐๐