Uniswap cracked a mutli-month trendline support, suggesting bears' resurgence. Will bulls withstand the sell pressure?
shed over 10% as it dipped from its recent high of $6 level to $5 zone. Over the last few days, BTC’s price action wavered around $29.0k, with likely further losses on the cards.Source: UNI/USDT on TradingView
The retracement hit another crucial price zone of $5.67 – $5.96 . The level was a critical resistance zone in June/July but was flipped to support in mid-July.
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