UNISWAP (UNI) fell below the level of support of $ 6.7, raising concerns about an extended potential contraction. This collapse comes amid increased pressure pressure, indicating that the bulls may lose their grip on the market.
With the increased fluctuations and uncertainty in the market, the next few trading sessions will be very important in determining whether the UNI can apostasy or if there is a long trend on the horizon. Will the bulls restore the lost land, or will Uni go to lower levels?
Prices and technical indicators flash warning
UNI prices show clear signs of weakness, as they struggle with the distinctive symbol to restore momentum after reducing the level of support of $ 6.7. The last shrinkage has increased from the Habudiya feelings, as the sellers dominate the market and push the UNI towards low levels of support. If purchasing pressure does not return soon, the additional losses may be imminent.
The original decreased to less than the simple moving average for 100 days (SMA), a long -term main support level. This collapse indicates a possible shift towards the broader landmark, especially if UNI fails to quickly restore this level. It can enhance prolonged residence for less than 100 days of the seller’s domination, which increases the risk of more declines.
Meanwhile, MACD turned the landing, crossing the signal line below the MACD line, which is a classic indication that sellers gain strength. In addition, the volume of the UISWAP trading decreased, indicating that there is no powerful rising sharing to meet the sale.
In order for the uniswAP to restore strength, buyers must pay the price to above $ 6.7 with a strong size, which nullifies the collapse. Until then, the risk of more negative aspect is still about $ 5.5 and $ 4.8.
Can UISWAP be restored $ 6.7 and a reverse course?
UNISWAP at a critical turning point after its last collapse is less than $ 6.70. Since Uni is struggling to restore momentum, traders and investors are left wondering whether this decrease is merely a temporary setback or the beginning of a deeper correction.
Although the bears dominated the last price procedures, the market is wondering whether Uni can fight about this main level or whether the resistance will keep it. If the UNI managed to collapse and retain more than 6.7 dollars with a strong purchase volume, this may indicate that the upscale momentum returns, which leads to the nullification of the last declining pressure and the indication of a possible reflection.
The decisive collapse above this level would restore investor confidence and attract more buyers, which leads to an extended gathering. If this scenario is unfolded, the UNI may gain traction about $ 8.7, with a constant payment that leads the price to $ 10.3 and beyond in the coming weeks.
