The price has risen $UNI by 40% to $4.57 after news of the integration, then fell to $3.23 as momentum waned
The current trading range is between $3.20 and $3.30, with strong support at this level
The market value and trading volume over the 24-hour period reflect an increase in institutional interest and participation from individual investors
The integration of the #BUIDL fund belonging to #BlackRock with #UniswapX is a milestone for the DeFi world, as it allows direct access for institutions
This move signifies the growing legitimacy of decentralized exchanges in traditional finance systems
Increased trading activity on-chain by institutional players is expected to enhance liquidity and trading volume
Traders may consider taking buy positions near the support level at $3.20 with stop-loss orders placed below $3.00
Resistance areas between $3.80 and $4.00 are potential profit-taking levels if momentum resumes
The Relative Strength Index at 29.3 in the oversold territory indicates the potential for a short-term bounce despite the downward trend of the exponential moving average
Warning about risks
The dominance of whales in short positions at 536 compared to 254 long positions raises the risk of a downturn if sentiment turns negative
Macro fluctuations and declining liquidity can amplify price volatility in either direction#Binance #UNI $UNI
