#UNI/USDT Analysis: Bullish or Bearish?
Hey everyone, I’m looking at the UNI/USDT charts on the 1-hour and 4-hour timeframes. Here’s a quick breakdown of what I’m seeing:
Bullish Indicators:
Support Level: The price is currently hovering around the $6.00 psychological support. If it holds this level, we could see a potential bounce back towards the upside.
Trend Alignment: On the 4-hour chart, the price remains above the long-term moving averages, suggesting the overall macro structure is still intact.
Bearish Indicators:
Resistance Rejection: We saw a sharp rejection from the $6.40 supply zone.
Short-term Momentum: On the 1-hour chart, the price action looks a bit heavy and is trending sideways-to-down. A candle close below $5.90 could trigger further downside towards the lower support zones.
What’s your take?
Do you think UNI will reclaim $6.50 soon (Bullish)?
Or are we heading down to test the $5.60 support area (Bearish)?
Drop your thoughts and targets in the comments! 👇
