Summary
TLDR; The Uniswap (UNI) price has dropped significantly, with a 65.4% decline since last month. The future price movement depends on market sentiment and indicators. Key support levels are at $4.72 to $5.86, with potential resistance at $8.615 or $12. In the short-term, there is a bearish trend, but the presence of a golden crossover in the EMAs suggests a bullish trend. In the 4-hour chart, a death cross formation indicates a short-term bearish trend. Against BTC, Uniswap is in a downward channel with resistance at 0.00018 BTC.
Key Points
1. The Uniswap (UNI) price has experienced a significant decline this month, halving in value and falling by over 65.4% since its peak last month.
2. Monitoring key support and resistance levels, as well as relevant market indicators, can provide insights into potential price movements for UNI in the near future.
3. Uniswap’s price is currently seeking substantial support levels between $4.72 and $5.86, presenting potential entry points for bullish investors targeting Fibonacci resistances at $8.615 or $12.