$UNI is looking really strong right now. Price has climbed steadily from around $3.22 and after spending some time consolidating around the $4.30 area, buyers started pushing again. UNI has now reached $6.00 with a fresh 24h high at $6.057, which is exactly the area I was watching in my earlier posts.
The interesting part is that this move wasn't just one quick candle. Price has been making higher highs and higher lows along the way and the recent push above the previous range came with stronger volume. From here, $6 is the level that matters. If buyers can hold above it and keep the momentum going, UNI could continue exploring higher levels. But after a move this strong, a rejection or pullback around $6 would also be completely normal. I wouldn't chase the move just because it reached the target.
EMA(7) is at $5.734, above EMA(25) at $5.265 and EMA(99) at $4.524. Price is currently above all three EMAs and the structure is clearly bullish on the 4H chart. As long as UNI stays above the short term EMA area, the trend remains healthy. Losing EMA(7) would be the first sign that the momentum is starting to cool off.
Volume has also picked up during the recent move. Current volume is around 2.65M UNI and 15.7M USDT, with MA(5) at 2.27M and MA(10) at 2.01M. So volume is still supporting the move and showing good participation from buyers. The main thing now is whether that activity stays strong if UNI tries to move higher. A drop in volume while price struggles around $6 could mean the move needs some time to cool down.
Timeframe: 4h
Price: $6.000
24h low: $5.220
24h high: $6.057
24h Volume Traded: 90.65M USDT
24h Volume: 15.77M UNI
24h Change: +14.85%
Category: DeFi Gainer
Spot only. DYOR, not financial advice
The interesting part is that this move wasn't just one quick candle. Price has been making higher highs and higher lows along the way and the recent push above the previous range came with stronger volume. From here, $6 is the level that matters. If buyers can hold above it and keep the momentum going, UNI could continue exploring higher levels. But after a move this strong, a rejection or pullback around $6 would also be completely normal. I wouldn't chase the move just because it reached the target.
EMA(7) is at $5.734, above EMA(25) at $5.265 and EMA(99) at $4.524. Price is currently above all three EMAs and the structure is clearly bullish on the 4H chart. As long as UNI stays above the short term EMA area, the trend remains healthy. Losing EMA(7) would be the first sign that the momentum is starting to cool off.
Volume has also picked up during the recent move. Current volume is around 2.65M UNI and 15.7M USDT, with MA(5) at 2.27M and MA(10) at 2.01M. So volume is still supporting the move and showing good participation from buyers. The main thing now is whether that activity stays strong if UNI tries to move higher. A drop in volume while price struggles around $6 could mean the move needs some time to cool down.
Timeframe: 4h
Price: $6.000
24h low: $5.220
24h high: $6.057
24h Volume Traded: 90.65M USDT
24h Volume: 15.77M UNI
24h Change: +14.85%
Category: DeFi Gainer
Spot only. DYOR, not financial advice
