Recently, #uniswap has been a bit "sluggish"; in just a few hours, the price quietly slid down to $10.47, as if it had taken a sleeping pill with little fluctuation. Why? Because the Bollinger Bands are quietly tightening, and the market feels like it's in a corset, unable to move.
📉 The current price range is:
🟢 The upper resistance is around $10.84, like an invisible wall saying "you shall not pass";
🔴 The lower support is at $9.90, which is UNI's last "safety net".
🔍 The RSI indicator (commonly known as the "strength value") is now at 60.69, slowly descending from the strong zone, which means—selling pressure is coming! Short-term traders might be starting to exit, and the risk of a sell-off is rising!
💬 To summarize: UNI is currently in a "sideways lying" market, with no significant movement in the short term, and the direction has yet to be determined. If selling pressure continues to increase, it may continue to move downward. Those looking to get in can keep a close eye on the $9.90 position and avoid acting impulsively~