Uniswap
2024-09-26


 The recent downward movement suggests a potential loss of bullish momentum, and if the price breaks below the lower Bollinger Band, it could signify further downside pressure.
 There have been notable spikes in volume during both upward and downward moves. The volume around the most recent sell-off suggests increased selling interest, potentially signaling a bearish sentiment.
 A rejection from the upper band can be seen, and the current candlestick shows some bearish pressure with a downward wick forming.
 Short-term Bias: The current direction leans towards a bearish sentiment as the price approaches the lower Bollinger Band. If the price continues downward and closes below the lower band with increased volume, it could indicate a stronger bearish move.
 Support: The lower band near $6.55-$6.60, with further downside possible if this level is broken.
