🔔 The trading of $UNI is currently near the $10 level after a strong downward wave in the last hours.
The recent movement showed a clear break of an important support level that was at $10.5 – $10.6.
🔹 Technical Indicators
1. Relative Strength Index (RSI)
It stands in the oversold area (below 30).
This indicates that selling may be excessive, and the possibility of a short-term rebound exists.
2. Moving Averages
The price is trading below the 50 and 200-day averages, reflecting the control of the bearish trend in the medium term.
However, on very short time frames (15 minutes / 1 hour), there are attempts for temporary stabilization.
3. MACD
It remains in the negative zone, and the gap between the lines is wide → indicating that the selling momentum has not yet fully weakened.
Any rebound may be limited if not accompanied by strong trading volume.
4. Support and Resistance Levels
Current support: $10.00 – $9.80.
Next support: $9.50 (in case the psychological level of $10 is broken).
First resistance: $10.40 – $10.60.
Next resistance: $11.00 – $11.20.
🔹 Trend Reading
Short-term (today): Selling pressure is dominant, but the oversold condition may generate a temporary rebound.
Medium-term: As long as the price remains below $11.5, the overall trend remains bearish.
Long-term: UNI is still in an upward range since the beginning of the year, provided it does not break the $9.50 levels strongly.
🔹 Towards $10.6 – $11.
A strong break could open the way to $9.50.