Tachnical analysis that....
$UNFI /USDT trading pair is currently priced at $2.668, experiencing a notable decline of 7.87%. đ This downward movement has seen the price test a low of $2.638, indicating potential volatility in the market. The price remains below the 24-hour high of $2.960, suggesting selling pressure may be dominant at this time.
Trading volume for $UNFI stands at 2.12 million, while USDT volume is at 5.97 million, indicating a decent level of activity. đ The increased volume during this price decline can be a sign of strong bearish sentiment, which traders should consider when evaluating market conditions. The recent price action suggests that traders are reacting to broader market trends.
On the 15-minute chart, the price has shown fluctuations, with key support established at $2.638. đ If $UNFI can hold this level, it may provide a potential bounce point for buyers. However, if the price breaks below this support, further declines could be anticipated. Watching these levels closely will be critical for making informed trading decisions in the coming sessions.
Overall, while the current trend appears bearish, the market could shift if buying pressure increases. Keeping an eye on the indicators and volume trends will help traders navigate these fluctuations effectively.
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