UNI had a pretty solid day. Yesterday morning, news about Binance knocked it down to 6.42. After that, it never looked back, climbing step by step. It’s now at 6.99U, nearly 10% up from the bottom.
At midnight, I was still saying it looked weak. Now it seems the bids underneath were stronger than I expected. Each pullback has made a higher low than the last—6.6, 6.8, 6.9—steadily moving up. That looks like steady accumulation, not a flimsy spike driven by a single candle.
Trading volume for the day is nearly $1 billion, and even the news about Illinois imposing a tax hasn’t managed to weigh it down.
I’m leaning bullish for now. The area around 6.8 is where it moved sideways for several hours last night; if it retests that level and holds, you could consider getting in. The 7.2–7.3 range is where it was before the hack. If it gets back above that, the loss will have been fully recovered.
If it falls back below 6.4, it will have broken below the low from the day of the hack, so best to stay away for now. #UNI $UNI
At midnight, I was still saying it looked weak. Now it seems the bids underneath were stronger than I expected. Each pullback has made a higher low than the last—6.6, 6.8, 6.9—steadily moving up. That looks like steady accumulation, not a flimsy spike driven by a single candle.
Trading volume for the day is nearly $1 billion, and even the news about Illinois imposing a tax hasn’t managed to weigh it down.
I’m leaning bullish for now. The area around 6.8 is where it moved sideways for several hours last night; if it retests that level and holds, you could consider getting in. The 7.2–7.3 range is where it was before the hack. If it gets back above that, the loss will have been fully recovered.
If it falls back below 6.4, it will have broken below the low from the day of the hack, so best to stay away for now. #UNI $UNI
