Uniswap Bears Strike Back: Fresh Decline Begins After $12.3 Barrier Holds
try Bottom layer It is not enough to surpass the key $ 12.3 resistance, which makes the bear occupy the upper hand and trigger a new decline. Although the bullish efforts have improved higher efforts, the sales pressure on this critical level is too strong, forcing UNI to move downward. This failure maintain The income of more than $ 12.3 has caused people to worry about potential deeper retracement because the seller hopes to use this weakness.
With the intensification of the pressure of decline, the price action of UNI shows that the bull may need to re -group, and then try another breakthroughEssence Will the token find support and recovery, or is it deeper on the horizon line?
Why did the Bulls break $ 12.3: The market sentiment explained
Uniswap failed to surpass $ 12.3 Resist The level emphasizes the transformation of market emotions, and the pressure of decline exceeds the momentum of watching up. Although buyers have tried many times at a higher speed, this resistance has proven that it is too powerful, resulting in increased sales activities. This shows that traders regard $ 12.3 as the main investment area, reduce the upward intensity, and allow bear to regain control.
Another factor that rejected is the overall market uncertainty. If a broader cryptocurrency market is still weak, or investors are unwilling to promise to increase the price level, the breakthrough of bullish bullish will become more difficult to maintain.
UniSWAP transactions with a simple moving average (SMA) below 100 days and the weak joint of RSI have shown a lot of pressure. The 100 -day SMA that is often regarded as a long -term trend indicates the market mood Loenage to sell.
In addition, the continuous decline in RSI indicates that sales pressure is getting stronger. This means Degradation Exercise is accelerating.
In order to restore the strength of Uniswap, buyers must take back momentum And establish strong support to promote another breakthrough attempt. Prior to this, market emotions tended to decide and maintain a risk of further play.
The key support level should be regarded as Uniswap slide
With the decrease of the Uniswap slide, the key support level is essential for determining whether the price can stabilize or it may fall to it. The first notable support is about $ 10.3, which has always been the basis of price action. If UNI fails to maintain this level, then the next support area for viewing is about $ 8.7, the price may be found to be larger.
If both levels are violated, UNI may face deeper declines, and the next key support level is $ 6.7. These support areas will be Key indicator For traders who want to determine whether the price can be stable, or whether the decline will continue to reduce the UNI.
