UNI MARKET STRUCTURE UPDATE
It's worth noting that $UNI shouldn't have issues holding above the support zone of ~$3.3416, with the mid-range of $3.4000 acting as a key level to watch. I'm tracking $UNI closely as it's hovering near the mid-range, with the current price representing a 0.02% decrease from the 24-hour high of $3.4750. The volume profile indicates a slight decrease in buying pressure, which could lead to a clean breakdown below $3.3416, with a potential target of $3.3250, representing a 1.4% decrease from current prices if $UNI can't sustain above $3.3740.
The funding rates are relatively low, around -0.01%, which suggests that the market is slightly bearish on $UNI. The order blocks are also indicating a potential sell-off, with a large sell order at $3.4576, which could act as a strong resistance zone.
The liquidity pools are also showing a high concentration of sell orders around $3.4576, which could lead to a significant drop in price if $UNI can't break above this level. Overall, the market structure is looking bearish for $UNI, with a potential target of $3.3250 if it can't sustain above $3.3416.
$UNI