Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Uniswap on UNI highlighted the selling pressure that the altcoin was under, with bulls needing to scale multiple price hurdles. While bulls were able to scale the $4.2 price hurdle, the bearish order block at $4.4 was a step too far.
With price trading at a mid-point between the $4.4 resistance and $3.8 support, a retest of the $3.8 support looked more likely in the short term.
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