UAI ANJLOK -31%! DOES THE BOUNCE START OR CAN IT STILL FALL? ⚠️
ANALYSIS:
UAI/USDT on the 1-hour timeframe experienced very strong selling pressure after previously reaching a peak around 0.6062. The current price is at 0.3845, down about -31.77% in 24 hours. The sharp drop briefly pushed the price to the 0.3054 area before a quick bounce appeared from that level.
The short-term structure still leans bearish. Price is below the MA25 at 0.4737 and the MA99 at 0.4325, while the Supertrend is around 0.4376. This means the current rebound is not yet sufficient to confirm a trend change into bullish.
RSI(6) is at 43.15 after bouncing from the low area, indicating that selling pressure is starting to ease. However, MACD is still negative, with DIF -0.0385 below DEA -0.0254 and a red histogram still forming. Therefore, bearish momentum has not been fully completed.
The main support is at 0.330–0.305. If the $0.305 level fails to hold, the risk of a further drop toward 0.280–0.250 increases. The nearest resistance is at 0.400–0.438, then 0.450–0.475.
In conclusion, UAI is trying a technical rebound, but the trend is not yet bullish. Reclaiming 0.438–0.450 will be a stronger recovery signal, while losing 0.305 could trigger further downside.
$UAI
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
ANALYSIS:
UAI/USDT on the 1-hour timeframe experienced very strong selling pressure after previously reaching a peak around 0.6062. The current price is at 0.3845, down about -31.77% in 24 hours. The sharp drop briefly pushed the price to the 0.3054 area before a quick bounce appeared from that level.
The short-term structure still leans bearish. Price is below the MA25 at 0.4737 and the MA99 at 0.4325, while the Supertrend is around 0.4376. This means the current rebound is not yet sufficient to confirm a trend change into bullish.
RSI(6) is at 43.15 after bouncing from the low area, indicating that selling pressure is starting to ease. However, MACD is still negative, with DIF -0.0385 below DEA -0.0254 and a red histogram still forming. Therefore, bearish momentum has not been fully completed.
The main support is at 0.330–0.305. If the $0.305 level fails to hold, the risk of a further drop toward 0.280–0.250 increases. The nearest resistance is at 0.400–0.438, then 0.450–0.475.
In conclusion, UAI is trying a technical rebound, but the trend is not yet bullish. Reclaiming 0.438–0.450 will be a stronger recovery signal, while losing 0.305 could trigger further downside.
$UAI
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
