Uniswap Tests $10.86 Support — Bounce Possible if It Holds
I see UNI down 1.29% to $10.86, currently testing a key support level. The recent pullback looks limited and the price is near a zone where buyers have historically stepped in.
Short-term technical indicators suggest bullish momentum may be building despite the dip, but the setup depends on this support holding — a clear break would invalidate the bullish case.
Analysis
Recommendation
I would consider a buy-on-weakness approach: look for entry near current support with a tight stop below a confirmed break, or wait for a clear bounce/confirmation before scaling in.
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.