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$UNI Empty Empty Empty 📉
UNI surged then continuously pulled back, breaking below the BOLL middle band, with the KDJ showing a death cross and diverging downward. Trading volume continues to shrink, and the bulls have no resistance, with short-term bears dominating. The price is likely to continue testing lows.
Uniswap protocol trading volume remains sluggish, on-chain activity is significantly lower than before. Funds have shifted to hot spots, and with no one to defend the market, prices naturally keep falling.
Technical analysis on the 4-hour chart: The BOLL middle band has been broken, the KDJ shows a death cross heading downward, indicating a clear bearish trend.
First target: 3.61
Second target: 3.39
Stop-loss target: 4.06
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