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breaking: UNI price rebounds to $10.3 with bullish momentum 🚀📈 but bears lurking at $5.92 support level
uniswap’s rebound potential faces critical support at $5.92: bearish dominance in lower time frames signals caution for swing traders, despite bullish
Key takeaways:
– 📈 Swing traders can consider buying UNI due to a bullish daily time frame, but $5.92 support is crucial.
– 📉 Technical indicators show bearish dominance in lower time frames.
– UNI’s price recovery to $10.3 was supported by the UNIfication proposal and buyback plans, with a potential dip to $6.86 and $5.92 observed.
– 📈 The one-day timeframe maintains a bullish bias, while the 4-hour chart shows conflicting signals with potential for recovery or further decline.
How High Can Uniswap Rebound Before UNI Bears Strike Back? Assessment…
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