$UNI /USDT (Uniswap) on the 1W timeframe, which highlights its full market cycle from ICO lows to the 2021 bull run top and back down. Here's a structured breakdown of what this chart suggests:
Current Price:
~5.21 USDT
Still far below the all-time high (ATH) near $44–$45, down ~88%
Key Technical Levels:
Major Resistance Zones (from Fibonacci + price history):
8.00 (0.236 Fib)
12.00 — Mid-cycle resistance
16.00 / 20.00 / 24.00 — Heavy resistance layers from 2021 distribution zone
28.68 / 32.00 / 36.00 — Steeper climb, only likely in full bull cycle
ATH: 43.60–45.00
Support Levels:
5.00–4.80: Local weekly support zone
3.60 / 1.61: Major macro supports — key areas if current support fails
0.786 Fib: ~1.61, 0.618 Fib: ~3.60
Absolute Low:
0.30 USDT — ICO-level lows, extremely unlikely unless project collapses
Current Market Structure:
Recovery Phase: UNI appears to be forming a bottoming structure between 3.60–5.20, potentially building a base before a longer-term reversal.
Momentum Shift Needed: A breakout above 8.00–12.00 would confirm a bullish macro shift.
Outlook Summary:
Bullish Scenario: Reclaim 8.00, hold it as support, and build toward 12–16+
Bearish Risk: Break below 3.60, opens path to 1.60 or lower
Would you like a Fibonacci chart plotted or a long-term accumulation strategy based on this structure?
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