) has been in a correction for the past few days but a positive sign is that the bulls are trying to arrest the decline near the 20-day EMA .If the price rebounds off the current level with strength, it will suggest that the sentiment remains positive and the traders are using the dips to buy. The UNI/USDT pair could first rise to $6.70 and if this level is crossed, the next target could be $7.50.
The flattish 20-day EMA and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears.The 20-EMA has turned down and the RSI is in the negative territory, indicating that the bears have the upper hand. If the price continues lower and breaks below $5.93, the correction may resume. The next support on the downside is $5.66.