$UNI at Critical $7.07 Pivot: Can Uniswap Confirm a Bullish Rebound?
Uniswap ($UNI) is currently navigating a crucial test near the $7.07 daily pivot line on Binance amid a cautious crypto backdrop, with total market cap dropping to $2.58T and the Fear & Greed Index at 28. Although trading below its daily 20-EMA ($7.22) and 50-EMA ($7.21), the long-term structure remains intact above the 200-EMA ($5.61). Lower timeframe indicators reflect improving momentum—with the 15-minute RSI reaching 60.1—yet daily RSI remains soft at 43.9. A definitive hourly close above $7.07 could ignite a move toward $7.13 and $7.22, whereas falling below $6.93 risks renewed downside pressure.
#Uniswap #UNI #CryptoTrading #Binance #CryptoNews #TechnicalAnalysis
Uniswap ($UNI) is currently navigating a crucial test near the $7.07 daily pivot line on Binance amid a cautious crypto backdrop, with total market cap dropping to $2.58T and the Fear & Greed Index at 28. Although trading below its daily 20-EMA ($7.22) and 50-EMA ($7.21), the long-term structure remains intact above the 200-EMA ($5.61). Lower timeframe indicators reflect improving momentum—with the 15-minute RSI reaching 60.1—yet daily RSI remains soft at 43.9. A definitive hourly close above $7.07 could ignite a move toward $7.13 and $7.22, whereas falling below $6.93 risks renewed downside pressure.
#Uniswap #UNI #CryptoTrading #Binance #CryptoNews #TechnicalAnalysis
