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#UNI partnered with Securitize to tokenize BlackRocks 2,4 Billion fund BUIDL, this made UNI surge. Now due to market conditions the price feel down, but I’m sure it’s going to get back up and even reach higher highs. Of course you have to mind the time frame, but I believe this surge was the first indicator of what is to come
The price is sitting at 3.244 and honestly, it’s looking pretty heavy. We had that massive spike up to 4.588 yesterday but it got sold off almost instantly. That long wick is a classic sign of exhaustion.
Right now, we’re grinding right above the 3.213 low. If that level breaks, there isn’t much holding it up from a deeper slide. The volume is okay at 16M but the green candles have no follow-through. It’s just sideways chop for now.
I’m watching the 3.40 level closely. If we can’t reclaim that soon, the bears are going to keep pressing this down. Staying on the sidelines for this one until a clear floor is established.
#GateSpringFestivalHorseRacingEvent