What makes $UNI (Uniswap) worth watching closely today is not how far the price has fallen, but whether meaningful buying support emerges after the decline and whether bulls can push the price back above key resistance levels.
Based on publicly available technical indicators on October 9, UNI is still facing fairly significant selling pressure in the short term. Some indicators are nearing oversold territory, but being oversold does not necessarily mean the price will rebound right away.
The core strategy today is to look for short-term oversold-bounce opportunities, watch for trend repair on the 4-hour chart, and assess the medium-term structure on the daily chart. The bias can lean toward looking for long opportunities, but expectations of a rebound after a decline must not be mistaken for a confirmed trend reversal.