$UNI – Short-Term Dip, Long-Term Hope? 🚦
Uniswap ($UNI ) is currently priced at $7.184, down -4.99%, signaling a sharp intraday correction after hitting a 24h high of $7.775. The hourly chart shows a steep descent, suggesting strong short-term selling pressure.
📊 Chart Insights:
Price action reveals a reversal from the $7.775 peak, with consecutive red candles dominating.
Currently hovering just above the $7.158 support zone, this level needs to hold to avoid slipping into the $7.00–$6.85 range.
The order book bias (47.06% buy vs. 52.94% sell) supports a cautious sentiment.
📈 Performance Overview:
Despite today's pullback, UNI is up +18.13% over 7 days and +16.33% over 90 days, indicating a resilient mid-term structure.
Long-term, however, it’s still down -56.98% over 180 days, showing it’s yet to reclaim broader bullish territory.
🔍 Investor Watch:
$UNI might be cooling off after a strong rally. A potential bounce near $7.15 is possible if buyers defend support. For a trend reversal, look for a break above $7.40, with volume confirmation.
📌 Key Levels:
Support: $7.15 / $7.00
Resistance: $7.40 / $7.77
MACD and BOLL indicators could confirm divergence or oversold zones.
⚠️ Disclaimer: This post is for informational purposes only. It is not financial advice. Always DYOR and use proper risk controls when trading.
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