Fifty-two cents. That's the whole width of $UNI's argument right now.
A normal day's swing is about $0.52, and price sits near $7.33, pressed against $7.45 resistance after bouncing from an intraday low near $6.92. Support underneath is $7.05, less than one average day away. That's a vise, not a trend.
The averages tell me the same squeezed story: price is back above its 7-day and 12-period averages, but still under the 20-day, the 26-period, and the 50-day near $7.90. Short-term repair, medium-term downtrend intact — both true at once. And about two-thirds of tracked accounts are long, which is when rejections sting most.
I won't call the break before the close prints. A 4-hour close above $7.45 with volume behind it changes the read; a close back under $7.05 hands it to the sellers, with $6.78 the next floor. Until one prints, sideways is a real outcome, not a cop-out.
What breaks a vise like this first — a volume-backed close, or just more time grinding inside it?
Not financial advice. DYOR.
$UNI #Uniswap #DeFi #Altcoins
A normal day's swing is about $0.52, and price sits near $7.33, pressed against $7.45 resistance after bouncing from an intraday low near $6.92. Support underneath is $7.05, less than one average day away. That's a vise, not a trend.
The averages tell me the same squeezed story: price is back above its 7-day and 12-period averages, but still under the 20-day, the 26-period, and the 50-day near $7.90. Short-term repair, medium-term downtrend intact — both true at once. And about two-thirds of tracked accounts are long, which is when rejections sting most.
I won't call the break before the close prints. A 4-hour close above $7.45 with volume behind it changes the read; a close back under $7.05 hands it to the sellers, with $6.78 the next floor. Until one prints, sideways is a real outcome, not a cop-out.
What breaks a vise like this first — a volume-backed close, or just more time grinding inside it?
Not financial advice. DYOR.
$UNI #Uniswap #DeFi #Altcoins
