$UNI PIVOTAL MOMENT AT $7.000 - BREAKOUT OR BREAKDOWN?
Current Market Snapshot
Price: $7.000 (+1.60% daily recovery)
24H Range: $6.777 - $7.095
Volume: Elevated 20.263K showing active participation
Key Technical Levels
SUPPORT ZONES
Primary Support: $6.998-7.001 (Critical psychological level)
Secondary Support: $6.950-6.980 (Consolidation base from chart)
Deep Support: $6.777 (24H low - major demand zone)
RESISTANCE LEVELS
Immediate Resistance: $7.030-7.050 (Blue horizontal zones)
Key Resistance: $7.095-7.100 (24H high breakout level)
Major Resistance: $8.235-8.340 (Pattern targets)
Trading Scenarios
BULLISH CASE
Entry: Above $7.050 with volume confirmation
Target 1: $7.589 (+8.4%)
Target 2: $8.235 (+17.6%)
Target 3: $8.706-16.235 (Extended rally)
Stop Loss: Below $6.950
BEARISH CASE
Entry: Break below $6.950 with volume
Target 1: $6.500-6.600 (-7.1%)
Target 2: $6.000-6.200 (Deeper correction)
Stop Loss: Above $7.100
NEUTRAL-TO-BULLISH BIAS - UNI is at a critical inflection point. While order book shows selling pressure, technical patterns favor upside with multiple analysts targeting $8.00+ levels. After defending the lower band around $6.50, UNI is now eyeing the $8.50 resistance.
Key Catalyst:
Break above $7.100 could trigger momentum toward $8.235 target. However, failure below $6.950 may signal deeper correction.