UNIUSDT has held the mid-term support zone outlined in my previous Jul 26 update. I’m expecting upside momentum to push the price above the July highs, targeting the top of the mid-term resistance zone before we see a more prolonged consolidation phase.
However, if price reverses and breaks below the August lows in the coming sessions, it would increase the likelihood that a larger degree consolidation is already underway.
UNIUSDT 🦄 Uniswap v4 TVL recently surpassed $1 billion, with cumulative trading volume exceeding $110 billion. Both TVL and daily trading activity are primarily concentrated on Unichain and Ethereum. To date, over 2,500 Hooks have deployed liquidity pools, with Bunni and EulerSwap each recording more than $1 billion in cumulative trading volume
UNIUSDT price continues to follow the trend structure outlined since Jul 8. We’re seeing constructive consolidation within the mid-term support zone. As long as price holds above 8.70, I’m eyeing continuation of the upside momentum toward 14 and eventually the 18+ macro resistance zone.
On the macro scale, as long as price holds above the 9.65–8.80 support zone, the up trend structure remains stable with higher target in coming weeks and months.
UNIUSDT has held the mid-term support zone outlined in my previous Jul 26 update. I’m expecting upside momentum to push the price above the July highs, targeting the top of the mid-term resistance zone before we see a more prolonged consolidation phase.
