#UXLINKUSDT is carving out a Bearish Pennant on the 4-hour chart — a classic setup signaling potential downside after a sharp rally.
🔎 Pattern Breakdown:
• Pennant formed after a steep drop from $1.3199, consolidating with lower highs and higher lows.
• RSI at 45.0, neutral but leaning toward bearish momentum with no clear divergence.
• Volume spikes (+800% on 4h) suggest heightened activity, but declining open interest (-11.20%) hints at fading bullish conviction.
😵💫 What’s Next? 🔸 If price breaks below $0.3705, bears could drive it to:
• $0.3400 (first support)
• $0.2600 (major demand zone)
🔸 If bulls reclaim $0.4529, the bearish pattern fails, potentially pushing toward $0.5080.
📊 TL;DR: #UXLINKUSDT.P is teetering on the edge — a break below $0.3705 fuels the bears, while a push above $0.4529 flips the script. Stay sharp, traders!
Disclaimer: Not financial advice. Crypto markets are volatile. DYOR and trade with caution.