Uniswap Tests $10.86 Support — Buy on Weakness
I see Uniswap trading at $10.86 after a 1.29% decline, currently sitting on a critical support level. The pullback looks limited so far, and price action is testing whether buyers step in here.
Technical indicators suggest bullish momentum may be building despite the recent drop, so I’m watching for a hold-and-rebound setup; if support breaks, downside risk increases and I would reassess my view.
Analysis
Recommendation
I would consider buying on weakness near the $10.86 support, scaling in if momentum confirms and using a stop just below the support level to manage risk.
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.