$UNI
UNI/USDT Technical Analysis – DeFi Powerhouse Shows Consolidation
📊 Current Price: $15.906 (-2.15%)
📈 24h High: $16.740 | 24h Low: $15.595
💎 24h Volume: 8.02M UNI / 130.25M USDT
The UNI/USDT pair, a leading DeFi token on Binance, is currently trading slightly lower after a period of consolidation. Let’s analyze the technical indicators to outline the market direction and set 3 key targets 🎯.
Key Technical Indicators:
1️⃣ Parabolic SAR (Stop and Reverse):
Current SAR Value: $16.740
Price trading below the SAR indicates a potential bearish trend in the short term.
2️⃣ EMA (Exponential Moving Average):
The price has dipped below key short-term EMA levels, suggesting possible retracement. Support exists near $15.50.
3️⃣ Bollinger Bands (BOLL):
Price is approaching the lower band, indicating oversold conditions. Expect a potential bounce if volume increases.
4️⃣ MACD (Moving Average Convergence Divergence):
The MACD is showing bearish divergence. Further downside is possible unless momentum shifts.
🎯 Targets for UNI/USDT:
1. Target 1: $16.20 – Short-term recovery target near the middle Bollinger band. Traders can expect resistance at this level.
2. Target 2: $16.75 – A mid-term target aligned with the 24h high and SAR level. Breaching this could indicate a bullish breakout.
3. Target 3: $17.50 – A long-term target achievable if the market shifts bullish, supported by positive DeFi sentiment.
Trading Strategy:
For Bulls:
Consider entering near $15.60-$15.80 (support zone) with a stop-loss below $15.50. Hold for Target 1 ($16.20) and higher levels if momentum builds.
For Bears:
Look for rejection at $16.20-$16.50 to short the market, targeting $15.50 on retracement.
💡 Pro Tip: Monitor volume and DeFi sector performance, as UNI is sensitive to ecosystem trends. Use trailing stops to manage risk effectively.