buy on weakness
UNI Tests Support After 9.4% Drop — Watch for Stabilization
I see UNI sliding about 9.4% to $10.89 as the broader DeFi selloff pressures the token.
The move is testing critical support levels, but price still sits above key moving averages, so the underlying technical structure isn't yet broken.
I will watch for either a confirmed break of support that points to more downside or signs of stabilization that permit adding positions.
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Analysis
UNI’s recent 9.4% decline tests important support zones while the price remaining above key moving averages suggests the medium-term bullish structure is intact; a decisive breakdown would likely trig...
Recommendation
Buy on weakness: consider accumulating on confirmed stabilization or intraday bounces near support with defined stop-losses; if support decisively breaks, step aside or reduce exposure until a clear b...
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.