$UNI is up 16% today to 7.18, and the chart explains why it keeps landing on the trending board.
Live numbers:
24h range: 6.09 to 7.37
30 day change: +119%
Volume: 1.06B in 24 hours
Still 84% below its all time high of 44.92
The structure: early September topped at 7.48. Price pulled back to a strong low at 5.81, held it, and has not closed back near it for a week. Today's candle is the first one to reach back into the 7.48 zone.
What this means: 7.48 is the only level that matters now. A daily close above it turns September's top into support. A rejection here leaves a range between 5.81 and 7.48.
The fee switch still routes part of protocol fees into buybacks and burns, so volume at these levels removes supply directly.
Follow me for daily breakdowns.
#ethereum #defi #altcoin #crypto #bitcoin
Live numbers:
24h range: 6.09 to 7.37
30 day change: +119%
Volume: 1.06B in 24 hours
Still 84% below its all time high of 44.92
The structure: early September topped at 7.48. Price pulled back to a strong low at 5.81, held it, and has not closed back near it for a week. Today's candle is the first one to reach back into the 7.48 zone.
What this means: 7.48 is the only level that matters now. A daily close above it turns September's top into support. A rejection here leaves a range between 5.81 and 7.48.
The fee switch still routes part of protocol fees into buybacks and burns, so volume at these levels removes supply directly.
Follow me for daily breakdowns.
#ethereum #defi #altcoin #crypto #bitcoin
