UNI plummeted 10.41%, $13.36 becomes the market focus. Can the DeFi leader turn the tide against the wind?
Uniswap (UNI) experienced a significant correction today, with a 24-hour decline of 10.41%, reaching a low of $13.303, and currently oscillating around $13.36. The trading volume reached 3.556 million tokens, and market sentiment is bearish. Technical indicators show that the RSI is approaching the oversold zone, indicating a potential rebound opportunity in the short term.
Key level analysis:
• Support level: $13.30
• Resistance level: $14.25
• Market trend: If it breaks below $13.30, it may slide to lower levels; conversely, breaking above $14.25 could initiate a recovery trend.
Trading strategy suggestions:
1. Short-term long position: Enter in batches near $13.35, targeting $14.00, with a stop loss set below $13.10.
2. Short-term short position: Consider shorting if it rebounds to around $14.20 and fails to break through, with a stop loss set above $14.50.
Do you think this correction for UNI is an opportunity to increase positions or a risk warning? Share your trading plans in the comments and see who can accurately grasp the market rhythm!