Markets· ★★· bearish·

UNI falls 4.2% to $6.83, trades below key moving averages

  • —Price of $6.83 is below SMA-7 ($7.24), SMA-30 ($8.09) and SMA-50 ($7.83)
  • —Daily volume of $325.38M is 46.12% below the 30-day average
  • —RSI at 38.8 and stochastic at 3.8% signal weak momentum
  • —UNI has lost 25.17% over the past 30 days
Why it matters: Thin volume and a bearish MACD offer no confirmation of a reversal; a sustained break below $6.79 would open the door to lower supports.
Source: DiarioBitcoin