UNI Drops 9.4% but Long-Term Structure Intact — Watch Support
I see Uniswap (UNI) fall about 9.4% to $10.89 as the broader DeFi space turned bearish, putting the token to the test at critical support levels.
Even with the pullback, UNI is still trading above key moving averages, so the intermediate technical structure remains constructive.
I will watch whether support holds — if it does, a buy-on-weakness setup could emerge; if it breaks, downside risk increases and I would avoid adding exposure.
Analysis
Recommendation
I will watch price and volume around current support; consider a buy-on-weakness only if support holds with confirming signals, otherwise avoid new long positions until structure is confirmed.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.