Uniswap ($UNI
) is under heavy short-term selling pressure, sliding -6.14% over the past 24 hours to trade around $6.066 after tapping a 24-hour low of $5.958. Following its late-September rejection from the $10.942 swing high, price has steadily bled lower on the daily timeframe.
Interestingly, fundamentals remain active despite the red candles—Uniswap just deployed v2, v3, and v4 across the Elysium network and continues rolling out compliant tokenized stock trading tools. However, leveraged long liquidations ($3.44M in 24h) are keeping near-term momentum in the bears' favor.
📊 Technical Breakdown (1D Chart):
Immediate Support: $5.95 – $5.96 (24H low and major horizontal demand zone. Buyers must defend this floor to prevent a liquidity sweep toward $5.35).
Immediate Resistance: $6.68 – $6.78 (24H high and breakdown resistance).
Trend Flip Level: $7.779 (The 1D Supertrend (10,3) line remains bearish; bulls need a daily close above this zone to confirm a macro trend reversal).
Volume Watch: 24H volume sits at 9.50M UNI ($59.77M USDT), with sellers dominating intraday rallies.
💡 Scenario Watch:
Bullish Case: If buyers hold the $5.95 support line and print a daily bounce, a relief move toward $6.68 – $6.78 is the first target.
Bearish Case: A clean daily close below $5.95 invalidates the local bounce setup and opens the door toward $5.35.
$UNI #DeFi #CryptoAnalysis #Write2Earn
) is under heavy short-term selling pressure, sliding -6.14% over the past 24 hours to trade around $6.066 after tapping a 24-hour low of $5.958. Following its late-September rejection from the $10.942 swing high, price has steadily bled lower on the daily timeframe.
Interestingly, fundamentals remain active despite the red candles—Uniswap just deployed v2, v3, and v4 across the Elysium network and continues rolling out compliant tokenized stock trading tools. However, leveraged long liquidations ($3.44M in 24h) are keeping near-term momentum in the bears' favor.
📊 Technical Breakdown (1D Chart):
Immediate Support: $5.95 – $5.96 (24H low and major horizontal demand zone. Buyers must defend this floor to prevent a liquidity sweep toward $5.35).
Immediate Resistance: $6.68 – $6.78 (24H high and breakdown resistance).
Trend Flip Level: $7.779 (The 1D Supertrend (10,3) line remains bearish; bulls need a daily close above this zone to confirm a macro trend reversal).
Volume Watch: 24H volume sits at 9.50M UNI ($59.77M USDT), with sellers dominating intraday rallies.
💡 Scenario Watch:
Bullish Case: If buyers hold the $5.95 support line and print a daily bounce, a relief move toward $6.68 – $6.78 is the first target.
Bearish Case: A clean daily close below $5.95 invalidates the local bounce setup and opens the door toward $5.35.
$UNI #DeFi #CryptoAnalysis #Write2Earn
