Market Panic? UNI Price Prediction Raises Concerns, $10 Support Level at Risk!

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The EMA (Exponential Moving Average) of UNI is currently showing a bearish pattern, with the short-term EMA approaching a potential crossover point below the long-term EMA. This pattern is known as a death cross, which typically indicates an increase in bearish momentum and may trigger a more severe correction.

If a death cross occurs, the Uniswap price may test the support level of $9.64. If this level fails to hold, the price could further decline to $8.5, marking a deeper drop.

However, if the UNI price can reverse the bearish trend and establish a strong upward trend, it may first challenge the resistance level of $13.5.

Successfully breaking through this level could pave the way for a rise to $16.2, and if bullish momentum continues, it may further rise to $19.

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