אויף 18 יוני, די UNI / USDT פּאָר bounced from the $3.36 mark and initiated a new recovery rally. Following an ascending trend line, this bull run rose 188% as it reached a record high of $9.74. However, the recent post-correction rally failing to breach the proper swing high indicates weakness in bullish momentum. Moreover, in response to the double top pattern, the altcoin is threatened to lose the $7.82 support.
שליסל ווייזט:
- The UNI traders can maintain a bullish bias as the price sustains above the ascending trendline.
- The 50-and-100-day EMA shows a bullish crossover may accelerate the bullish momentum
- די 24-שעה טריידינג באַנד אין די Uniswap טאָקען איז $ 177.9 מיליאָן, וואָס ינדיקייץ אַ 9% געווינען.
מקור-Tradingview
The Uniwasp (UNI) buyers have struggled to surpass the $9.3 mark over the past two weeks. The multiple higher price rejection candle at this level reflects profit booking from the short-term traders.
Thus, with sustained selling, the UNI price tumbled 12% in the past two days, revealing the formation of a double top pattern. Under the pattern influence, the altcoin may drop another 5% to retest the $7.82 neckline support.
However, along with $7.82, the expected downfall may hit the ascending trendline at the same level, forming confluence support for buyers. If UNI buyers sustain this combined support, the coin price may revert 13% higher and rechallenge the $9.3.
On a contrary note, if the traders follow the bearish pattern and break down from the prior swing low support of $7.82 and long-coming support trendline, the coin price may witness a significant correction. The potential downfall may drop the altcoin 15% lower, hitting the $5.81 support.
טעכניש גראדן
עמאַ: the UNI price reverted from the 200-day EMA near the $9.3 mark, indicating the overall trend is still bearish. However, a bullish crossover of the 20-and-50-day EMA may fuel the post-correction rally to surpass the $7.8 resistance.
MACD indicator: א פאַרקויפן סיגנאַל from the bearish crossover of the fast and slow line bolsters the price correction to breach the $7.82 neckline. However, these slopes above the midline indicate the traders fell positive for this coin.
- קעגנשטעל לעוועלס - $9.3, $10
- שטיצן לעוועלס זענען $ 7.82 און $ 6.62
די דערלאנגט אינהאַלט קען אַרייַננעמען די פערזענלעכע מיינונג פון די מחבר און איז אונטערטעניק צו די מאַרק צושטאַנד. טאָן דיין מאַרק פאָרשונג איידער ינוועסטינג אין קריפּטאָקוררענסי. דער מחבר אָדער די ויסגאַבע איז ניט פאַראַנטוואָרטלעך פֿאַר דיין פערזענלעכע פינאַנציעל אָנווער.
Source: https://coingape.com/markets/uni-price-analysis-why-7-82-fall-could-set-a-sharp-price-correction/