Uniswap Price Prediction: UNI Breaks Critical Support Level
- Critical Support Broken: Uniswap (UNI) declined 2.30% on June 1, trading around $2.97, breaking below the $3.02 support level that had held since February, indicating a shift towards bearish sentiment and potential for further downside pressure.
- Surge in Trading Volume: Despite the price drop, UNI's trading volume surged 35% to $110.95 million within 24 hours, suggesting that market participants remain active, possibly repositioning rather than panic selling, reflecting ongoing interest in the asset.
- Whale Selling Impact: Blockchain tracking platform Onchain Lens reported that a whale sold 2.16 million UNI worth approximately $6.61 million on May 29, resulting in a realized loss of about $6.39 million, which heightened concerns about weakening confidence among large holders.
- Liquidation Risk Intensifies: UNI's Long/Short Ratio fell to 0.91, indicating that bearish positions have begun to outweigh bullish bets; however, the presence of significant liquidation clusters at $2.91 and $3.09 creates a complex market scenario where future price movements could trigger sharp reactions, leaving both bulls and bears vulnerable.
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Technical Analysis for UNI
Technical Sentiment Analysis for Uniswap (UNI). As of , Uniswap (UNI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for UNI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, UNI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Uniswap (UNI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.749 | 2.159 | 2.567 | 2.977 | 3.385 | 3.795 | 4.203 |
| Fibonacci | 2.159 | 2.472 | 2.665 | 2.977 | 3.29 | 3.483 | 3.795 |
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