【UNI at 7.73 yuan: down 14% in 7 days, but someone is quietly buying】
A week ago, UNI was hovering above 9 yuan; a month ago, it was close to 11 yuan. Today it’s at $ 7.73, down 14.3% in 7 days and another 3% in the past 24 hours.
This price action looks pretty scary, right? But after watching the trading volume for a while, I noticed something interesting: during the sell-offs over the past few days, volume hasn’t surged to the point of a “panic-driven stampede.” In other words, retail investors are running, but someone is buying.
Daily chart: each high is lower than the last—no question about that. The key is whether support at $ 7.54 can hold. Price has tested this area several times before. If it fails, the next major support is around $ 6.5. That’s not just a guess: it’s where the consolidation range from 2021 was. A lot of volume built up around that price back then, making it a natural “buy zone” now.
The 4-hour chart is interesting. Price has been moving sideways in the $ 7.54-$ 8.18 range for about a week and a half—a classic “sideways before choosing a direction” setup. The MACD is narrowing below the zero line and looks close to a golden cross. This kind of setup either means it’s building strength for an upward breakout, or it’s one last bull trap. We’ll have to see which way volume goes.
On the 1-hour chart, there’s just one thing to watch: whether a breakout above $ 8.18 comes with volume. If it does, short-term traders will pile in, and short sellers’ stop-loss orders could add fuel to the move. If it doesn’t, it’s a “fake breakout,” and price will have to come back down and grind.
What are the bulls and bears watching? Bulls are watching $ 7.54. If that breaks, technical traders will hit a lot of stop-losses, potentially triggering a wave of panic selling. Bears are watching $ 8.18. If price can’t break through, they’ll have a reason to keep pushing it down.
Honestly, UNI is in an awkward spot. The DeFi blue-chip narrative is still there, but has the underlying business fundamentally changed? I’ve looked around, and TVL hasn’t seen explosive growth; locked value is still supported by the same handful of major pools. Put simply, the valuation really is low, but “low” doesn’t mean “about to go up”—when market sentiment is poor, an already-low valuation can go even lower.
The conditions that would prove my view wrong are simple: if $ 7.54 holds and price then breaks above $ 8.18 on strong volume, there may be a move worth watching. If $ 7.54 breaks on strong volume, forget about trying to catch the bottom.
Which way do I think it’ll go? I lean toward an initial move up. Not because I’m bullish, but because after a prolonged stretch of sideways trading, the market has to pick a direction. And from here, there’s more room to move up than down—after all, price has fallen from 11 yuan, and the bears have already made a lot. Taking profits makes more sense than continuing to chase the short.
What’s your mindset right now? Those holding bags are waiting to break even; those without a position are waiting for a lower entry. Same story for everyone: itching to act, but afraid to make a move.
A week ago, UNI was hovering above 9 yuan; a month ago, it was close to 11 yuan. Today it’s at $ 7.73, down 14.3% in 7 days and another 3% in the past 24 hours.
This price action looks pretty scary, right? But after watching the trading volume for a while, I noticed something interesting: during the sell-offs over the past few days, volume hasn’t surged to the point of a “panic-driven stampede.” In other words, retail investors are running, but someone is buying.
Daily chart: each high is lower than the last—no question about that. The key is whether support at $ 7.54 can hold. Price has tested this area several times before. If it fails, the next major support is around $ 6.5. That’s not just a guess: it’s where the consolidation range from 2021 was. A lot of volume built up around that price back then, making it a natural “buy zone” now.
The 4-hour chart is interesting. Price has been moving sideways in the $ 7.54-$ 8.18 range for about a week and a half—a classic “sideways before choosing a direction” setup. The MACD is narrowing below the zero line and looks close to a golden cross. This kind of setup either means it’s building strength for an upward breakout, or it’s one last bull trap. We’ll have to see which way volume goes.
On the 1-hour chart, there’s just one thing to watch: whether a breakout above $ 8.18 comes with volume. If it does, short-term traders will pile in, and short sellers’ stop-loss orders could add fuel to the move. If it doesn’t, it’s a “fake breakout,” and price will have to come back down and grind.
What are the bulls and bears watching? Bulls are watching $ 7.54. If that breaks, technical traders will hit a lot of stop-losses, potentially triggering a wave of panic selling. Bears are watching $ 8.18. If price can’t break through, they’ll have a reason to keep pushing it down.
Honestly, UNI is in an awkward spot. The DeFi blue-chip narrative is still there, but has the underlying business fundamentally changed? I’ve looked around, and TVL hasn’t seen explosive growth; locked value is still supported by the same handful of major pools. Put simply, the valuation really is low, but “low” doesn’t mean “about to go up”—when market sentiment is poor, an already-low valuation can go even lower.
The conditions that would prove my view wrong are simple: if $ 7.54 holds and price then breaks above $ 8.18 on strong volume, there may be a move worth watching. If $ 7.54 breaks on strong volume, forget about trying to catch the bottom.
Which way do I think it’ll go? I lean toward an initial move up. Not because I’m bullish, but because after a prolonged stretch of sideways trading, the market has to pick a direction. And from here, there’s more room to move up than down—after all, price has fallen from 11 yuan, and the bears have already made a lot. Taking profits makes more sense than continuing to chase the short.
What’s your mindset right now? Those holding bags are waiting to break even; those without a position are waiting for a lower entry. Same story for everyone: itching to act, but afraid to make a move.