Uniswap (UNI) Faces Bearish Pressure Despite Whale Activity

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• Currently trading UNI at $ 10.69 (-4.19 % in 24 hours)
• RSI suggested at UISWAP in 59.78 neutral momentum with a sign of Al -Soudi MACD
• The last whale activity paid by 3.8 % earlier this week, but the pressure has returned

What pays the price of uniswap today?

The UNI PRICE procedure last week tells a story about the volatile institutional movements. On August 8, UNISWAP witnessed a great whale activity that prompted UNI’s distinctive symbol to make gains in the Coindsk 20 index with an increase of 3.8 %. The pattern of accumulation of whales suggested this renewable institutional interest in the decentralized exchange code.

However, the momentum has been reflected since then, with the UNI price decreased by 4.19 % in the last 24 -hour session. The current trading range reflects from $ 10.61 to $ 11.29, the continuous battle between buyers who entered during the paid gathering with the whale whale and their profits looking to benefit from the recent gains.

The trading volume in the Binance Spot market reached $ 94.7 million, indicating continuous benefit despite the low prices. This large size during the withdrawal indicates a healthy market dynamics instead of selling panic.

Technical Analysis UNI: Mixed signals appear

UNISWAP’s technical analysis reveals a complex picture with both the upscale and duplicate indicators competing for dominance. The most encouraging sign of MACD comes from the UNI, which shows a upscale graphic programming of 0.0366, indicating that the basic momentum is still positive despite the recent low prices.

UNI RSI currently sits at 59.78, putting the UISWAP directly in a neutral area. This reading indicates that the distinctive symbol is not from his sayings or an increase in his fillet, which provides room for movement in any of the two directions. The lack of extremist RSI readings indicates that the recent withdrawal represents a regular profit instead of the main direction.

The moving medium structure tells a bullish story for the owners of the term. The price of the UNI is trading before all the main moving averages, as the distinctive code sits over SMA for 200 days at $ 7.56. SMAS shows the shortest period UNI at $ 10.69 compared to SMA for 7 days from $ 10.31 and 20 days of SMA at $ 10.11, indicating that the price is still in a upward direction despite the last weakness.

Bollinger Bands analysis in the Uni mode appears at 0.7221 between domains, closer to the upper range at $ 11.41 than the bottom of the bottom of $ 8.82. This site indicates that the uniswap has a space to move higher but may face resistance near the upper range level.

UISWAP price levels: main support and resistance

Depending on the banks of the Binance Spot market, many critical uniwap support levels appear for traders who are monitoring the UNI price procedure. The immediate support area is at $ 8.68, which is an important level as buyers have previously interfered. Below, the uniswAP support at $ 5.92 will represent a major test of the long -term trend.

On the upper side, the UNI resistance appears at $ 11.40, and is closely corresponding to the upper level of Bollinger Band. This represents the immediate obstacle to any attempt to wear. A fracture above this level can be opened to the strong UniswAP resistance at $ 11.69, which represents a new local rise.

The current axial point of $ 10.86 operates as a major level in the battlefield. The trading of UNI prices without this level indicates that the bears maintain control over the short term, while restoration can indicate a renewable purchase interest.

Traders should notice that the highest level in the UNI for 52 weeks at $ 18.60 is still much higher than the current levels, indicating great potential in a state of improvement in the market. On the contrary, the lowest level of 52 weeks at $ 4.78 provides a perspective about the risks of the negative side of the negative scenarios.

Should you buy UNI now? Risk arbitration analysis

Preparing the current UNI price offers various opportunities depending on the time frame of trading and tolerance with risks. For swinging traders, RSI’s neutral and bullish MACD reading indicates a possibility of current levels, especially if UISWAP support levels are about $ 8.68.

Conservative investors may wait for a clearer directional sign, because mixed technical indicators do not provide a final feature. The activity of the last whale indicates the survival of the institutional interest, but the subsequent sale pressure indicates that achieving profit is also active.

Today’s traders should focus at the axis level $ 10.86 as a major decision point. It can target the UNI/USDT that has shattered this level of this level of resistance, which is $ 11.40, providing a favorable rate of risk multiplication for short -term jobs.

Risk management remains decisive given the average real range of $ 0.73, indicating great daily fluctuations. The size of the potential moves should be explained either to support 8.68 dollars or resist $ 11.40 in the next few sessions.

conclusion

Price Uni faces an important turn as technical indicators provide mixed signals after the fluctuations that depend on the last whales. While the long -term trend remains optimistic with the trading of uniswap over the main moving averages, the momentum has stopped in the short term near the resistance levels. Traders should monitor the point of 10.86 dollars closely, as the above break can reinforce the upscale momentum of about $ 11.40, while failure to maintain this level may test the levels of support UNISWAP about $ 8.68. The volume of high trading indicates the continuous institutional interest, making the next 24-48 hours decisive to determine the direction of the UNI in the short term.

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