UNI has started to consolidate after a strong breakout recently, with the current price around 6.29. From a short-term perspective, the price is stuck below the 7-hour moving average (about 6.33), but it is firmly above the 25-hour and 99-hour moving averages (approximately 6.17 and 5.41, respectively), which indicates a mixed bullish pattern at this level.
Looking up, if it can cleanly reclaim and break through the range of 6.35 to 6.50 (short-term moving average + recent highs), then there is a chance to rush towards the target of 6.70 to 7.00. The trading volume has significantly increased during this upward movement, and now it has receded. To continue the bullish trend, it is crucial to see if there are new buyers entering the market, while also maintaining the short-term moving average line.
If it goes down, recent support is in the area of 6.10 to 5.90. If it breaks lower, a stronger support point is near the swing low at 4.85. Currently, in this range, the key is to see if it can break through the upper resistance, leading to a new round of direction selection.
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UNI has started to consolidate after a strong breakout recently, with the current price around 6.29. From a short-term perspective, the price is stuck below the 7-hour moving average (about 6.33), but it is firmly above the 25-hour and 99-hour moving averages (approximately 6.17 and 5.41, respectively), which indicates a mixed bullish pattern at this level.
Looking up, if it can cleanly reclaim and break through the range of 6.35 to 6.50 (short-term moving average + recent highs), then there is a chance to rush towards the target of 6.70 to 7.00. The trading volume has significantly increased during this upward movement, and now it has receded. To continue the bullish trend, it is crucial to see if there are new buyers entering the market, while also maintaining the short-term moving average line.
If it goes down, recent support is in the area of 6.10 to 5.90. If it breaks lower, a stronger support point is near the swing low at 4.85. Currently, in this range, the key is to see if it can break through the upper resistance, leading to a new round of direction selection.