🔥 Uniswap ($UNI ): What's happening? 🔍
Things are heating up for UNI! After a significant rally, the token's price has entered a correction, dropping -9% in the last 48 hours to $12.97. But is this the end of the bullish trend? Let’s analyze it together.
📊 Key support and resistance levels:
🔹 Major support — $12.
🔹 Next resistance level — $17.
📈 The chart shows that UNI is still moving within an upward trend. The current pullback can be seen as a test of support or merely a breather before a potential upward continuation.
💡 Why is this important?
Many analysts point to "whale" activity — large transactions have surged by +200% in the past 24 hours! These big players might either be accumulating UNI ahead of a new rally or locking in profits.
👀 What should traders watch for?
👉 If $12 holds strong, it could be a signal for new buy opportunities.
👉 A break below this level might suggest further testing at $8.6.
🎯 Stay tuned to market trends and use these levels as key reference points for your trades!