UNI Price Faces a 20% Drop, Approaching Critical Support Zone | Airdrop Alert Pro

The price of Uniswap (UNI) has dropped 20% in the past 24 hours, continuing its bearish trajectory after losing the $10 billion market capitalization it held a few days ago and currently stands at $7.2 billion. The sharp decline has pushed UNI into key territory, with technical indicators showing strong downside momentum and the potential for further losses.

A looming death cross on the EMA line signals a possible deeper correction, with key support levels at $9.64 and $8.5 being closely watched. On the bright side, if there is a reversal, resistance levels for UNI could be $13.5 and $16.2, with a rise to $19 possible if bullish momentum builds.

Uniswap relative strength index Recovering from oversold zone

RSI (Relative Strength Index) Uniswap It is currently at 30.5, a slight recovery from levels around 20 a few hours ago. RSI below 30 is considered oversold, indicating excessive selling pressure and the possibility of short-term undervaluation.

University The recent dip into oversold territory indicates intense selling activity. Nonetheless, a small bounce back to 30.5 suggests that the selling momentum may be waning and buyers are likely to gradually re-enter the market.

RSI measures the strength and speed of price movements and fluctuates between 0 and 100. Its thresholds help interpret market conditions: an RSI below 30 indicates oversold conditions and the potential for a price rebound, while an RSI above 70 indicates overbought conditions and possible selling pressure.

and Uniswap The RSI is hovering above the oversold threshold and prices may attempt to stabilize or rebound modestly. However, if the RSI fails to rise significantly above 30, it could indicate continued bearish pressure and limited recovery in the near term.

Uniswap The current downward trend is very strong

UNI’s ADX (Average Directional Index) is currently at 31.38, up sharply from below 10 two days ago. This sharp rise indicates that the strength of the current trend has increased significantly in the short term.

since single price Currently in a downtrend, rising ADX indicates that bearish momentum is building and prices may move further lower in the short term.

ADX measures the strength of a trend, regardless of its direction, on a scale from 0 to 100. Values ​​below 20 indicate a weak or directionless trend, values ​​between 20 and 40 indicate a moderate trend, and values ​​above 40 indicate a strong trend.

UNI’s ADX is 31.38 and the current downtrend is moderately strong and still building momentum. In the short term, this level implies continued pressure single price Unless buyers step in to counter the current bearish trend.

UNI Price Prediction: Altcoins Will Drop Below $10 Soon

UNI’s EMA (Exponential Moving Average) line currently shows a bearish pattern, with the shortest-term EMA approaching a potential crossover below the longer-term EMA. This pattern, known as a death cross, often signals increased bearish momentum and could trigger a more dramatic correction.

If a death cross occurs, Uniswap price A test of the support at $9.64 is likely. Failure to hold this level could lead to a further drop to $8.5, marking a deeper decline.

However, if single price If the bearish trend can be reversed and a strong uptrend established, it may challenge the $13.5 resistance first.

A successful move above this level could pave the way for a move towards $16.2, with further gains towards $19 possible if the bullish momentum continues.