#UNI Discussing whether the bull market is still ongoing? As soon as there's a slight drop, people start to panic, rushing to sell and short the market. Taking UNI as an example, why is $UNI still on the rise in a bull market?
Looking at the weekly chart, UNI's current price is right on a certain trend line, meaning the opening and closing prices over the past few weeks have been at the same level, showing no signs of decline at all. The monthly chart has shown four consecutive months of bullish candles, and considering that this month is only halfway through, a continued rise is inevitable. Back to the weekly chart, it clearly does not show signs of a peak; it's obviously just a forced consolidation during an upward trend.
Last week, there was fear of possibly dropping to the 8s, and this week there’s still doubt whether it can stabilize above 10.0, yet it still appears to be in an overall upward oscillating trend. $UNI
Therefore, holding onto spot $UNI is still a solid choice, and maintaining long-term contracts is also steady; continue to hold for further gains.