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$UNI ⬆Showing Some Strong 💪🔥🔥
$Uni 24H Analysis: Holding Strong & Ready for a Bounce?
Uniswap (
$UNI ) has shown resilience in the last 24 hours, even as the broader market saw some consolidation. Here's a quick breakdown for the Square:
1. Price Action & Consolidation
Current Price: Hovering around $10.20 - $10.40.
24h Change: Relatively flat, with a slight gain of +0.8%, indicating strong holding action.
Trend: After a significant run-up from earlier lows, UNI is consolidating its gains, forming a solid base around the $10 psychological support. The 24h high hit $10.65, demonstrating buying interest.
2. Technical Check-Up
RSI: Currently sitting around 45-50 on the 4-hour chart. This is a healthy mid-range, suggesting neither overbought nor oversold conditions, leaving room for upward movement.
Support & Resistance:
Immediate Support: The $9.80 - $10.00 zone has proven robust.
Immediate Resistance: Watching $10.70. A clean break above this could push $Uni towards its next target at $11.20.
3. On-Chain & Fundamental Buzz
TVL: Uniswap's Total Value Locked (TVL) remains robust across all chains, showcasing its continued dominance in the DEX space. High TVL = strong fundamental backing.
Volume: Trading volume has been consistent, indicating sustained user activity and confidence in the platform.
Community Buzz: The community remains excited about potential future governance proposals and upgrades that could further enhance
$UNI 's utility and value accrual.
📊 Snapshot:
$UNI in the Last 24H
Metric Value Status
Price ~$10.32 🟢 Consolidating
24h Vol ~$120M 🟡 Steady
RSI (4H) ~48 ⚪ Neutral
Support $9.80 - $10.00 💪 Strong
Trader's Insight:
$UNI looks poised. If the broader market holds, a push above $10.70 could trigger a swift move to the upside. Keep an eye on that level!
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