Q: A whale withdrew 1.79 million UNI from Venus and transferred it to Binance. If sold, it could incur a loss of $3.17 million. What impact could this have on the market?
A: A hit to sentiment doesn't necessarily mean the trend has turned bearish. The key is whether support at important levels holds. A valid breakout needs to be backed by volume; breakouts on declining volume will usually fall back into the range.
$UNI is currently at 7.348, 24h -0.16%.
#UNI
Make your own trading decisions; don't follow the crowd.
A: A hit to sentiment doesn't necessarily mean the trend has turned bearish. The key is whether support at important levels holds. A valid breakout needs to be backed by volume; breakouts on declining volume will usually fall back into the range.
$UNI is currently at 7.348, 24h -0.16%.
#UNI
Make your own trading decisions; don't follow the crowd.