$UNI finding its footing?

asked by u/zeynep.arslan · 8d · 3 answers

Been watching $UNI for a bit now, and the 2.90 level has acted like a bit of a magnet this morning, seeing a decent bounce off it after dipping down to 2.90559. It's not exactly a hard floor, but the volume picking up around that area suggests some buyers stepping in. The risk, as always, is if we break cleanly below 2.90 and fail to reclaim it quickly; that would probably invalidate this short-term support scenario and we'd likely be looking at a retest of lower levels. Just my two satoshis, of course.

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Top answers

  • u/elena_schneider· 1 pts· 8d

    I saw that too. Curious if it's sustained buying or just short-term traders scalping the bounce.

  • u/kovac_piotr· 1 pts· 8d

    Seems like a rather thin rebound to call a footing. What's the conviction look like for those buyers, or is it just opportunistic short covering around that level?

  • u/liammoreau· 1 pts· 8d

    Agree, the 2.90 level has been tested a few times. The question is whether the buying volume can sustain any upward momentum beyond a quick scalp, or if it's just short-term support for now.