1
UNI token is near its support mark and tries to pause the selling pressure.
2
Bulls are trying to accumulate price from the demand zone.
Uniswap token is struggling near its demand zone near $5.000, buyers persist to hold the price near support levels. UNI token slips below the significant moving averages and try to claim 20 day EMA to attain neutrality. Moreover, the chart shows a double bottom pattern which indicates that a bounce from the demand zone is awaiting now. The neckline of the pattern is at $6.80, above that pattern activates and bulls may show strength. However, the token is folding the gains in the last days and sellers show their aggressive muscles. The price action is showing that the token is unable to hold at any support mark and broke the immediate support levels.
When writing. UNI token is trading at $5.311 with a slight dip of 0.60%. Moreover, the pair of UNI/BTC is at 0.0001825 satoshis. The intraday trading volume tanks by 16.50
We współpracy z: https://www.thecoinrepublic.com/2023/05/05/will-uni-token-attempt-a-bounce-from-the-demand-zone/
