Did UNI Return to $6, and Has the Rally Finished?
UNI is currently around $6.02. The price surged rapidly in early September, reaching a high of $7.48, but then fell continuously afterward. Most of the short-term gains have already been given back, and the market is now caught in a tug-of-war around the $6 level.
$5.85 to $6 is the first support zone. If the price can hold there and reclaim $6.2, there is a chance for a short-term rebound toward $6.5. $6.5 to $6.75 is a stronger resistance range—only after a breakout can UNI once again challenge levels above $7. If UNI breaks below $5.85, the next possible move could be a retest of the $5.5 to $5.6 area.
When monitoring UNI’s price action on Biyapay, I’ll also be tracking ETH’s trend, the heat in the DeFi sector, and trading volume. UNI is a high-volatility asset: it responds faster when the broader market is rising, but when the market deleverages, its pullbacks are also more pronounced.
At this stage, it looks more like a repricing after a sharp spike. Holding $6 is only a stop-loss signal—only a renewed break above $6.75 would bring it closer to a stronger trend turning point.
UNI is currently around $6.02. The price surged rapidly in early September, reaching a high of $7.48, but then fell continuously afterward. Most of the short-term gains have already been given back, and the market is now caught in a tug-of-war around the $6 level.
$5.85 to $6 is the first support zone. If the price can hold there and reclaim $6.2, there is a chance for a short-term rebound toward $6.5. $6.5 to $6.75 is a stronger resistance range—only after a breakout can UNI once again challenge levels above $7. If UNI breaks below $5.85, the next possible move could be a retest of the $5.5 to $5.6 area.
When monitoring UNI’s price action on Biyapay, I’ll also be tracking ETH’s trend, the heat in the DeFi sector, and trading volume. UNI is a high-volatility asset: it responds faster when the broader market is rising, but when the market deleverages, its pullbacks are also more pronounced.
At this stage, it looks more like a repricing after a sharp spike. Holding $6 is only a stop-loss signal—only a renewed break above $6.75 would bring it closer to a stronger trend turning point.
