Key Takeaways (or How to Pretend You’re an Expert)
Why did Uniswap prices do their best impression of the rollercoaster at Six Flags?
Monday was basically UNI’s day to say “Hold my beer.” A 42% spike after they proposed burning millions of UNI tokens-because nothing says “scarcity” like torching your supply and making tokens rarer than your grandma’s meatloaf. 🔥
Is UNI telling us to buy now or just messing with our heads?
Long-term investors, now’s your shot! But fair warning: the price might take a nosedive faster than you can say “FOMO.” Waiting for that retracement might save your sanity-or at least your portfolio. 🧐
Uniswap has been riding the hype wave like it just learned how to surf. The recent gains are from the UNIfication proposal (sounds fancy, right?) and the UNI buyback plans, basically the crypto version of “Hey, look at me!”
On the 1-day chart, UNI broke out of its downtrend like a rebellious teenager and climbed past $8.6. The $6.88 level was considered “short-term support,” but it was about as resistant as a paper wall during the climb. 🚀
But don’t get too comfy-while the price was feeling bullish, the OBV (think of it as a price-volume gossip column) was whispering, “Uh, maybe don’t pop the champagne yet.” Heavy selling pressure was lurking past $9, trying to pop UNI’s bubble.
Fibonacci retracement levels are hinting that we could see UNI dip to $6.86 or even $5.92-so yeah, maybe hold off on that celebratory dance for now.
Lower Timeframes: The Drama Continues
Zooming in, the OBV on the 1-hour chart looks about as promising as a soggy sandwich. It’s been trending downward for the past 48 hours, so maybe it’s time to panic-or at least tighten your stop-loss. The $8.1-$8.5 zone flipped from “support” to “where’d everyone go?”
Despite the MFI (that’s just fancy talk for momentum, not a new dance move) showing some bullish vibes, all signs point to potentially deeper retracement. It’s like UNI is teasing us with a little rally just to then crush our hopes again.
Oh, and about that open interest and funding rates-initially, bullish was the word. Now, funding rates have dipped toward zero, with a brief flirtation into bearish territory. It’s like UNI suddenly remembered it has commitment issues. The rising number of liquidations means people are closing their positions faster than a bad reality TV show.
Summary? The bears have the upper hand, and a dip to $6.86 might be just around the corner-so maybe don’t get too comfy just yet.
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2025-11-13 16:27