Uniswap Tests $10.86 Support — Momentum Turning Bullish
I see UNI trading at $10.86 after a modest 1.29% pullback, now testing a meaningful support level. The decline looks limited and hasn't produced signs of a broad sell-off.
I believe momentum indicators are starting to turn bullish, so this dip could present a tactical entry if support holds and short-term moving averages resume upward slope.
Analysis
UNI is at a key support near $10.86 after a small retracement. Short-term indicators show convergence toward bullish bias, but confirmation requires sustained volume and a close above short-term EMAs.
Recommendation
Buy on weakness: consider adding on weakness near support with a tight stop below recent lows and confirm entries with improving volume or a break above short-term moving averages.
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.