UNI is definitely a hard currency in the DeFi sector in the long run. As the leader of decentralized exchanges, as long as DeFi is alive, it has ongoing value support.
The team has a strong background, and the ecosystem is solid. It is always among the first to rebound whenever the industry warms up.
However, in the short term, the current trend is like dragging its feet, oscillating back and forth within a range.
The technical aspect is quite interesting; the moving averages are lined up and ready to surge, and the candlestick chart has shown bullish signals, but the trading volume has shrunk to this level, with large funds on the sidelines.
The Bollinger Bands are tightening, like a stretched rubber band, and could explode into a trend at any moment. There is basically no volume to push through above; there is strong support below, and if it drops, it presents an opportunity to make easy money.
In terms of operations, do not chase highs and sell lows; the market sentiment is neutral now. A breakout or breakdown will trigger a trending market, and it won’t be too late to follow the trend then.
Holding in the long term is fine, but at this position in the short term, buying high and selling low is the way to go!
