- Uni-traders can be used too much for $ 7.47 at the top and $ 7.03 on the disadvantage
- TD -sequential indicator seemed to blink a purchase signal for uni, causing a potential rebound hint
Despite uniswap [UNI] Because they are influenced by the decline of the larger crypto market, things can quickly be a turn. That is, according to one Crypto -expert Last prediction on X (formerly Twitter).
According to Ali Martinez, Uni, the native token of Uniswap, can be ready for a rebound in the charts after the TD sequential indicator has flashed a purchase signal.
The latest collaboration in Uniswap supports a Bullish View
Given the current market sentiment and the recent price fall in Uni, a rebound can be unlikely. However, the latest collaboration between Uniswap, Robinhood and Payment Service Providers MoonPay and Transak for crypto-to-to-fiat transactions can strengthen the Bullish Case for Uni.
In fact according to UniiswapThis collaboration enables iOS and Android users in more than 180 countries to seamlessly convert cryptocurrencies into Fiat and to deposit the funds into traditional bank accounts.
And yet, despite such a positive update, UNI registered a price fall of 13%, with the Altcoin trade near $ 7.25 at the time of the press. In the same period, the trade volume rose by 10%, which points to increased participation of traders and investors compared to the past days.
Assessment of the price promotion of Uniswap (UNI)
Thanks to the latest depreciation, Uni has cleared the way for further disadvantage of the charts. According to the analysis of Ambcrypto, the outlook of Uni Bearish can be because it is broken from three days of consolidation.
Based on its price action and historical patterns, if the Altcoin closes a daily candle below the $ 7.35 level, there is a strong possibility that it could fall by 30% to reach $ 5.25 in the coming days. During the decline it can find active mild support at the $ 6.20 level, which could also serve as a potential rebound zone.
Source: TradingView
However, this Bearish statement remains valid as long as uni is traded below $ 7.35 mark. Otherwise it can become invalid.
Uni’s most important liquidation areas
A glance at the prevailing market sentiment showed that traders may also shift their position, while they were gambling heavily on the bearish side.
Data from Coinglass showed that traders were used too much at the time of the press for $ 7.47 at the front and $ 7.03 to the disadvantage. At these levels, traders have built up $ 1.71 million in short positions and for $ 1.01 million in long positions.
Source: Coinglass
When investigating this data on the chain, it seems that bears actively dominate the actively strong and the price of Uni in the coming days can easily push lower.