UNISWAP $UNI TESTING DEEP OVERSOLD BOLLINGER BAND SUPPORT FOR A BULLISH REBOUND ARE BULLS TARGETING $8.697 NEXT?
Pair: $UNI /USDT
Direction: LONG
Entry Price: 7.975
Target Levels (Take Profit)
TP 1: 8.246 +3.40%
TP 2: 8.426 +5.65%
TP 3: 8.697 +9.05%
Stop Loss
SL: 7.614
Technical Breakdown
UNI ($7.974) underwent an extended markdown from peak consolidation around $9.20 down into key support below $8.00. Long lower wicks printing at the $7.90–$7.95 base highlight buyer intervention and liquidity absorption, setting up a sharp relief rally back into the value zone.
Price action is currently compressed beneath short-term MA 7 (~8.10) and intermediate MA 25 (~8.40), with baseline MA 99 (~8.80) sitting higher up. Reclaiming MA 7 confirms immediate momentum toward dynamic resistance at MA 25 and target zones.
RSI (14) has plunged into heavily oversold territory near 20.00–25.00, confirming an overextended sell-off and a primed structure for a mean-reversion bounce. MACD red histogram bars are beginning to contract, indicating seller exhaustion and preparing signal lines for an impending bullish crossover.
$UNI
Pair: $UNI /USDT
Direction: LONG
Entry Price: 7.975
Target Levels (Take Profit)
TP 1: 8.246 +3.40%
TP 2: 8.426 +5.65%
TP 3: 8.697 +9.05%
Stop Loss
SL: 7.614
Technical Breakdown
UNI ($7.974) underwent an extended markdown from peak consolidation around $9.20 down into key support below $8.00. Long lower wicks printing at the $7.90–$7.95 base highlight buyer intervention and liquidity absorption, setting up a sharp relief rally back into the value zone.
Price action is currently compressed beneath short-term MA 7 (~8.10) and intermediate MA 25 (~8.40), with baseline MA 99 (~8.80) sitting higher up. Reclaiming MA 7 confirms immediate momentum toward dynamic resistance at MA 25 and target zones.
RSI (14) has plunged into heavily oversold territory near 20.00–25.00, confirming an overextended sell-off and a primed structure for a mean-reversion bounce. MACD red histogram bars are beginning to contract, indicating seller exhaustion and preparing signal lines for an impending bullish crossover.
$UNI