$UNI /USDT Showing Sideways Movement After Testing Highs
Hey everyone,
Let's take a look at the $UNI /USDT chart. The current price of Uniswap is at $5.249, showing a slight decrease of -1.87% today.
Looking at the last 24 hours, UNI ranged from a Low of $5.059 to a High of $5.398. The 24h Volume stands at 3.23M UNI, which is equivalent to 16.97M in USDT.
The chart indicates that after testing the $5.39 level, the price has pulled back and is now moving sideways in a relatively narrow range. We can see some indecision in the market with both buying and selling pressure present. The price is currently trading above the 24-hour low but below the 24-hour high.
Traders will likely be watching for a clear break out of this range to determine the next direction for UNI. A sustained move above $5.40 could signal further bullish momentum, while a drop below $5.05 might indicate a potential move downwards.
Key points to observe:
Resistance: The recent high of $5.398 is the immediate resistance to watch.
Support: The 24-hour low of $5.059 is the key support level.
Momentum: The current momentum appears to be neutral, with price action staying within the established range.
What are your thoughts on Uniswap's current movement? Do you anticipate a breakout from this range soon, or will the sideways action continue? Share your analysis!
