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UNI Reboun...
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Bitcoinsensus

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UNI Rebounds Twice from $6.212 – A Base for Reversal or a Bull Trap?

  • UNI rebounds twice from $6.212 but fails to break through $6.450, aligning with EMA 50/100/200 and the 0.382 Fibonacci level.
  • No confirmed signs of trend reversal yet, with RSI slightly above 40, leading to speculation on whether a consolidation phase or weak rebound is underway.
  • UNI price structure overview reveals $6.212 as a held support, trading within a narrow range, and facing resistance below $6.359 (Fibo 0.236) amid an ongoing bearish structure.
  • Multiple key indicators like EMA levels, RSI movements, and Fibonacci zones are analyzed to gauge potential bullish and bearish scenarios, with a cautious outlook on UNI's recovery.

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