$UNI /BTC Analysis: Bulls Finding Their Feet?
The UNI/BTC pair is showing signs of a short-term recovery on the 15-minute chart, currently trading at 0.0000503 BTC. While the long-term trend remains heavy—with a -49% drop over the last year—today's +2.86% bounce is a breath of fresh air for Uniswap holders.
Key Observations:
* Moving Averages: Price is currently trending above the MA(7), MA(25), and MA(99), suggesting a localized bullish shift.
* Support & Resistance: We’ve seen a solid bounce from the 0.0000493 level, with immediate resistance sitting at the recent high of 0.0000506.
* Momentum: The green candles indicate buying pressure, but low overall 24h volume (3.77 BTC) means we need a bigger catalyst for a sustained breakout.
Bottom Line: It's a "wait and see" moment. If UNI can flip 0.0000506 into support, we might see a run toward the next psychological level.
Would you like me to check the RSI or MACD indicators to see if this momentum is overbought?
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