The cryptocurrency market is experiencing significant turbulence while the uniswap jeton faces intense sales pressure.
After having established resistance at $ 6.780, UNI was downward cascade with several high volume sales periods, exceeding critical support levels, according to the Technical Analysis Data model of Coindesk Research.
This volatility comes as blockchain data reveal that major institutional holders transferred from substantial unique positions to centralized exchanges, with two addresses moving 11.65 million tokens (82.38 million dollars) in Coinbase Prime.
Strengths of technical analysis
- Uni-USD increased from $ 6,658 to $ 6.286, which represents a decrease of 5.59% over 24 hours.
- The token established a clear level of resistance at $ 6.780 during midnight time with a high volume (2.02 m).
- Several periods of high volume sales occurred between 05: 00-07: 00 and again at 10:00 am, the latter sees the highest volume 24 hours a day (2.43 m).
- The price broke below the level of critical support of $ 6.30 during the high volume sale.
- The overall negotiation range of $ 0.541 (8.12%) reflects increased volatility.
- During the last hour, UNI experienced extreme volatility with a spectacular price collapse of $ 6.387 to a hollow of $ 6.239 (drop by 2.3%).
- A serious rupture occurred at 13:33 when the price dropped by 5.1% on a massive volume (48.8k).
- An even heavier sale at 13:48 (volume 116.4k) led to its low time.
- A notable recovery emerged in the last minutes, which reports the price at $ 6.304, establishing a potential short -term support area.
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