- UNI trades at $6.24, up 3.6% in 24 hours, while remaining below both the 9 EMA and 50 SMA on the four-hour chart.
- The token continues to move inside a falling wedge, with support at $5.88 and resistance at $6.33 shaping the short-term range.
- Declining sell volume accompanies UNI’s movement along the wedge’s lower boundary, helping maintain the structure as compression increases.
Uniswap moved through the latest session with a tighter structure as the token continued to trade inside a falling wedge on the four-hour chart. The pattern developed after several days of steady cooling in momentum, which shaped a clear compression zone between the two downward trendlines.
UNI was trading at $6.24 which is an increase of 3.6 percent over the last 24 hours and is currently trading above its key support of $5.88 and resistance of $6.33. The price was below not only the 9 EMA but also the 50 SMA and the position indicated that the short-term pressure was directed downwards as the wedge contracted further.
Wedge Formation Shows Steady Compression
The structure narrowed through the week as UNI pressed against the lower boundary of the pattern. This move came with declining sell volume, which created a quieter backdrop across the recent sessions. The wedge held its shape during this period, and the price continued to respect both trendlines.
However, the token remained below the two moving averages, so sellers still controlled the short-term path. This setup positioned the market for closer observation as the compression progressed.
UNI Holds Structure as Price Rebounds Toward Key $6.33 Resistance
UNI maintained traction near the $5.88 support level, which formed the lower reference point before the recent bounce. The price moved toward $6.24 during the latest session, and this shift helped the wedge stay intact. The pattern also kept the market within a defined channel, and each touch of the lower boundary reinforced that structure. This interaction linked directly to the next area of focus, which sat along the upper trendline of the wedge. The resistance level at $6.33 aligned closely with that zone, creating a tight confluence.
Market Attention Turns to Upper Trendline
The upper boundary remained the next key level after the price held the lower trendline. UNI continued to trade under the 9 EMA and 50 SMA, so any move toward the top of the wedge gained added relevance. The $6.80–$7.20 region stood as the next marked area if an upside break occurred, but the current range still kept the token inside the compression zone. This sequence formed the framework for tracking further shifts as the structure tightened.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed