CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

UNI Price Prediction: Trendline Breakout or Another Leg Lower — The Setup Is Binary

Blockchain.News logo

Published on

Add as a preferred source on Google
UNI Price Prediction: Trendline Breakout or Another Leg Lower — The Setup Is Binary

Uniswap's UNI token sat at $6.79 on October 25, trading below every key short-term moving average and pressing near the lower Bollinger Band, while an AMBCrypto analyst flagged a conditional $8 tar...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

UNI was quoted at $6.79 on Binance spot as of October 25, down 1.14% over the prior 24 hours, with an intraday range of $6.52 to $6.90. Spot volume came in at roughly $26.5 million over the same period — enough to confirm activity, but not a volume surge that would characterise either a capitulation low or a breakout attempt.

The one structural positive in an otherwise bearish moving-average picture is the 200-day SMA at $4.60. UNI has sustained considerable distance above that long-term average, meaning the multi-month trend off the lows remains intact. Everything above current price, however, forms a descending resistance stack: the 7-day SMA at $7.12, the 20-day SMA at $7.35, and the 50-day SMA at $7.81 are all sequentially higher and all pointing lower. The EMA 12 ($7.20) and EMA 26 ($7.47) mirror this alignment. The structure is unambiguous: price is in a sustained drawdown relative to recent history.

82 (neutral zone per the supplied data), tracking toward but not yet at the oversold threshold below 30. 63 are both in technically oversold territory, and the %K reading crossing above %D is a minor positive signal — though in a downtrend, stochastic crossovers in oversold territory frequently prove premature.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.