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The UNI coin has shown unique resilience in the recent market fluctuations. Despite the overall cryptocurrency market experiencing severe turbulence, UNI's performance remains noteworthy.
In the recent market adjustment, the decline of both Ethereum and Bitcoin has led to a pullback in the overall market. However, it is noteworthy that many emerging altcoins have reached critical support levels. In this case, UNI may test its recent lows again in the short term, and it may even briefly touch around the level of $9.405. However, from a technical perspective and market sentiment, the space for further declines seems quite limited.
The liquidation of long positions in Bitcoin has almost been completed, which means that the market may lack further downward momentum in the short term. Conversely, we may witness a strong upward trend. It is worth mentioning that the cryptocurrency market is not restricted by traditional trading hours, and significant price movements may also occur on weekends.
For UNI holders, now may be a worthwhile opportunity to consider increasing positions. When setting positions, it is advisable to leave enough room to cope with potential short-term fluctuations while maintaining confidence in the long-term trend. The dynamic nature of the market dictates that prices may fluctuate, but the fundamentals and technical indicators for UNI seem to suggest upward potential.
Overall, the current market positioning of UNI is quite attractive. Although it may still face some volatility in the short term, its upside potential is worth close attention from investors in the medium to long term.