UNI/USDT Technical Analysis in Daily Timeframe.

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Now, let’s dive into this chart analysis:

A couple of weeks ago, UNI was rejected from the $12 price level, forming a resistance trendline. Currently, the price is at $9.175, holding decent support at the 200EMA ($8.76).

After the rejection, UNI has yet to hit the supporting trendline at $7.33, indicating a potential further 20% drop if the price doesn't hold the 200EMA.

Here are some key observations:

~ Primary Support- 200EMA at $8.76.
~ Lower Support- $7.33.
~ Crucial and decisive point- 200EMA at $8.76.
~ Invalidation point- Break down below the lower support.
~ Best Entry: $7.29 to $7.81.

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