📈 Technical Analysis of $UNI on Binance (2h) 🚀
📌 Cashtag to include: $UNI
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I’m sharing the updated technical analysis of the UNI/USDT pair on the 2-hour timeframe:
Key Market Metrics:
Current price: 6.882 USDT (+0.32%).
Recent high: 7.200 USDT | Local low: 6.716 USDT.
Moving Averages: MA(7) at 6.988 USDT, MA(25) at 7.020 USDT, and MA(99) at 6.351 USDT.
SuperTrend (10,3): In an uptrend with dynamic support at 6.614 USDT.
Technical Analysis and Structure:
Range Consolidation: Uniswap ($UNI) maintains a sideways behavior with a slight positive bias (+0.32%), trading below the 7.000 USDT level.
Immediate Resistance: The short moving averages MA(7) [$6.988] and MA(25) [$7.020] act as the main resistance block to reclaim in order to renew buying strength.
Defensive Supports: The 6.716 USDT level is the first structural support, with further support below at the SuperTrend line [$6.614] and the MA(99) at 6.351 USDT.
Market Scenario: A sustained breakout above the MA(25) [$7.020] would allow an attempt to retest the local ceiling at 7.200 USDT.
Do you think $UNI will reclaim the $7.00 zone in the coming hours, or will it continue the sideways range toward $6.71? I’d love to hear your thoughts in the comments! 👇
⚠️ This content is strictly educational and informational for Binance Square. It does not represent financial advice.