CandleFocus Uniswap Price Bearish Pattern Emerges as Whale Selling Threatens $10 Level
2024-12-19
Author: Content Editor
The crypto market experienced a sell-off following the U.S. Federal Reserve's interest rate cut, leading to a 5% drop in Bitcoin and renewed selling pressure in altcoins like UNI. The UNI price traded at $15.05 with a 7.2% loss and a market cap of $9.03 billion. A significant transaction of 1.495 million UNI tokens, valued at $24.39 million, was transferred to Binance, potentially indicating a sell-off that could drive the price further down. The UNI price has formed a double-top pattern and could potentially drop to $8.57 if support at $14 is broken, but a defense of that support could lead to a short consolidation.
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