Aside from the approval of spot bitcoin ETFs, it marks the most significant regulatory milestone in crypto's history, Matt Hougan argued.
Hayden Adams, Uniswap Labs CEO, equated Bancor's patent infringement lawsuit to the "dumbest thing" he has ever seen.
A disconnect between trader count and volume suggests the return is primarily driven by smaller retail participants.
Massive exchange deposits signal bearish sentiment as Uniswap's native token breaks critical support levels amid heightened market volatility.
Unichain, Uniswap's native Layer 2 blockchain, has become the dominant chain for Uniswap v4, surpassing Ethereum in transaction volume.
Uniswap (UNI) is showing signs of a powerful resurgence as it firmly holds the $4.60 support level, a critical zone that could ignite the next major rally. After weathering recent market turbulence, UNI’s price action is now flashing bullish signals, suggesting that the asset may be gearing up for a significant upward move. The recent bounce from support, coupled with improving momentum indicators, suggests that bulls are quietly reclaiming territory. However, confirmation is still needed to solidify the reversal narrative. Critical resistance zones lie ahead, and how UNI reacts around these levels will determine whether this move has real staying power or fades as another false start. The Bullish Reversal Setup: Why UNI’s Price Action Matters Now UNI’s recent price behavior can be traced to a classic bullish reversal setup forming on the daily chart. Uniswap has broken out of a falling wedge pattern, a formation typically seen as a precursor to trend reversals. This breakout came after a decisive retest of the $4.6 level. Related Reading: Uniswap (UNI) In Trouble? Price Crash Below $6.7 Signals Bigger Problems What makes this setup particularly compelling is the combination of the falling wedge breakout and UNI’s successful rebound from $4.6. This confluence of bullish signals implies that the bears may be losing grip, while bulls are regaining confidence. If the token continues to build on this momentum, it could pave the way for a larger upward move, confirming the trend reversal. Technical indicators are starting to confirm the bullish narrative. One of the key signals comes from the Relative Strength Index (RSI), which has rebounded from oversold territory and is now pushing upward, reflecting renewed buying interest and growing momentum. A continued rise in RSI above the midline (50) would further support the case for a trend reversal. Additionally, trading volume is beginning to show signs of recovery, with an increase of over 26%. The rising volume during this rebound suggests that the move is supported by genuine market participation. If volume continues to build alongside upward price movement, it could fuel Uniswap to challenge and break through key resistance levels in the coming sessions. Where Could UNI Go Next? With Uniswap now staging a notable recovery and forming a reversal pattern, traders are now turning their attention to the breakout scenario and where it could lead. After retesting the $4.6 support level and bouncing above the falling wedge with renewed strength, UNI appears to be building upward momentum. If the price sustains its bullishness, it might pave the way for a swift move higher. Related Reading: UNI Price Recovery Gains Traction – Will It Smash Through Resistance? From a technical standpoint, the next upside targets lie around $5.5 and $6.7, where previous breakdowns occurred and volume peaks exist. A sustained move beyond those levels could even open the door for a test of the $8.7 mark in the medium term. Overall, if volume supports the push, it increases the potential to set off a larger rally. Featured image from Adobe Stock, chart from Tradingview.com
The situation highlights the struggle of balancing DeFi protocol interests.
Daily traders on Ethereum DEXs have dropped sharply to a 12-month low, reflecting a broader cooling in the crypto market and waning speculative activity.
Compound Labs, the team behind the DeFi protocol Compound Finance, is considering launching a dedicated foundation to streamline operations and support the protocol’s long-term development. Compound is one of the most popular DeFi lending protocols on Ethereum. According to DefiLlama data, the platform currently has $2.5 billion in total value locked (TVL). Following the announcement, […]
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Uniswap’s U.S. app store ranking surged after the pro-crypto election victory but has since collapsed from #99 to #364, reaching record lows.
Uniswap (UNI) has slipped below the crucial $6.7 support level, raising concerns about a potential extended downturn. This breakdown comes amid increasing selling pressure, signaling that the bulls may be losing their grip on the market. With volatility rising and market uncertainty growing, the next few trading sessions will be crucial in determining whether UNI can bounce back or if a prolonged downtrend is on the horizon. Will the bulls reclaim lost ground, or is UNI heading for even lower levels? Price Action and Technical Indicators Flash Warning Signs UNI’s price action is showing clear signs of weakness as the token struggles to regain momentum after breaking below the $6.7 support level. The recent downturn has intensified bearish sentiment, with sellers dominating the market and pushing UNI toward lower support levels. If buying pressure doesn’t return soon, further losses could be imminent. Related Reading: Uniswap Bleeds 20%—Is This Whale Behind The Drop? The asset has dropped below its 100-day Simple Moving Average (SMA), a key long-term support level. This breakdown suggests a potential shift toward a broader downtrend, especially if UNI fails to reclaim this level quickly. A prolonged stay below the 100-day SMA could reinforce seller dominance, increasing the risk of further declines. Meanwhile, the MACD has flipped bearish, with the signal line crossing below the MACD line, a classic indication that sellers are gaining strength. Additionally, Uniswap trading volume has declined, suggesting a lack of strong bullish participation to counteract the selloff. For Uniswap to regain strength, buyers must push the price back above $6.7 with strong volume, invalidating the breakdown. Until then, the risk of more downside toward $5.5 and $4.8 remains high. Can Uniswap Reclaim $6.7 and Reverse Course? Uniswap is at a critical inflection point after its recent breakdown below $6.70. As UNI struggles to regain momentum, traders and investors are left wondering whether this drop is just a temporary setback or the start of a deeper correction. Related Reading: Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight While bears have dominated recent price action, the market questions whether UNI can fight its way back above this key level or if the resistance will hold. If UNI manages to break and hold above $6.7 with robust buying volume, it could indicate that bullish momentum is returning, invalidating recent bearish pressure and signaling a potential trend reversal. A decisive breakout above this level would restore investor confidence and also attract more buyers, leading to an extended rally. Should this scenario unfold, UNI might gain traction toward $8.7, with a sustained push driving the price to $10.3 and beyond in the coming weeks. Featured image from Vectorstock, chart from Tradingview.com
Part of the steps toward sharing revenue would be to make the Uniswap Foundation a legal entity.
Uniswap (UNI) is currently approaching one of its most critical technical thresholds, the 100-day Simple Moving Average. This level often acts as a crucial support or resistance zone, dictating the next major price direction. A breakout above it could fuel a fresh bullish rally, while rejection might lead to renewed downside pressure. With market sentiment hanging in the balance, anticipation is whether buyers gather enough strength to push past this critical threshold, or will sellers step in to stall the momentum. As UNI tests this key technical level, the outcome could shape its short-term trajectory and provide insights into the broader market trend. Uniswap Current Price Action: A Closer Look Uniswap price is steadily advancing, nearing a key moving average that could determine its next major move. After experiencing fluctuations in recent sessions, UNI has found renewed bullish momentum, pushing toward this critical technical level. The price action suggests growing buyer confidence, but resistance remains a key obstacle to short-term rallies. Related Reading: Uniswap Bleeds 20%—Is This Whale Behind The Drop? Technical indicators such as the Moving Average Convergence Divergence (MACD) indicator are flashing bullish signals, suggesting that Uniswap may be gearing up for a breakout. The MACD has crossed above the signal line and has risen above average. If this trend continues, it may confirm increasing buying pressure and set the stage for a strong breakout. Trading volume has also increased, indicating heightened interest from both bulls and bears. A decisive push above the moving average could reinforce positive sentiment toward the upside. Conversely, a rejection at this level might signal weakness, inviting renewed selling pressure and a possible retracement. Bullish vs. Bearish Scenarios: What’s At Stake? As Uniswap approaches a key moving average, the battle between bulls and bears has intensified, with both sides eyeing a decisive move. The outcome of this price action hints at a short-term uptrend, making this a crucial turning point. Related Reading: Uniswap Price Surges Past $10 — Bullish Pattern Suggests Further 30% Gain If UNI manages above the 100-day SMA with strong volume, bullish momentum will be renewed. A confirmed breakout may encourage more buyers to enter the market, driving the price toward the $6.7 resistance level. A surge past this key resistance could set Uniswap on track for a sustained uptrend to the $8.7 mark. On the other hand, if UNI fails to hold above the 100-day moving average and faces rejection, bearish pressure could increase. Profit-taking and renewed selling are likely to push prices lower to $5.5 with a failed breakout attempt. Should this key support level fail to hold, a deeper retracement would come into play, leading to a loss of momentum. Featured image from Adobe Stock, chart from Tradingview.com
One crypto exchange’s loss is another crypto exchange’s gain. This holds true with cryptocurrency exchange Uniswap after it recorded a weekly loss of over 20% brought by a large investor offloading a huge number of tokens. Uniswap’s loss was Kraken’s gain after the said whale transferred 2.25 million UNI tokens to the cryptocurrency exchange platform in what analysts believed was an attempt to cut losses. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? Uniswap Down Analysts said that UNI, Uniswap’s native token, posted a weekly loss of 20% after the coin went down by 2.80% in the last 24 hours. The massive loss brought UNI’s price to go down to $5.80 on Wеdnеsdаy. According to a crypto analyst, the drop, which came amid the heightened selling pressure, can be attributed to a large investor who offloaded a big chunk of his UNI tokens and transferred it to another crypto exchange platform. “A whale deposited all 2.25M $UNI($13.71M) to #Kraken 2 hours ago,” Lookonchain said. A whale deposited all 2.25M $UNI($13.71M) to #Kraken 2 hours ago, likely to cut losses. The whale accumulated 2.25M $UNI($15.57M) at an average price of $6.92 between Sept 7, 2023 and Nov 18, 2024. At its peak, the whale had an unrealized profit of $26.5M but is now down… pic.twitter.com/7pA0glRT4m — Lookonchain (@lookonchain) March 12, 2025 ‘Cut Losses’ In a post, Lookonchain believed that the whale could be ditching an effort to “cut losses” after a considerable unrealized gain from the UNI token vanished. “The whale accumulated 2.25M $UNI($15.57M) at an average price of $6.92 between Sept. 7, 2023 and Nov. 18, 2024,” Lookonchain shared. At its peak, the market observer said the large investor recorded an unrealized profit of $26.5 million. However, recent market conditions have brought down UNI’s unrealized earnings to only $1.86 million, which might be the primary reason why the whale decided to move $13.71 million worth of UNI tokens to Kraken. Bearish Signal Another crypto analyst observed that indicators showed a bearish picture for Uniswap. Santiment shared his analysis on what could be the future of Uniswap using the on-chain metrics, saying that the Exchange Flow balance increased from -428,920 to 2.23 million within two days. The metric, which tracks the net movement of tokens into and out of exchange wallets, showed that there is a possible surge in selling pressure, indicating that many tokens are being moved into exchange wallets. Another metric, the Supply on Exchanges, illustrated that the token increased by 2.67% in the last 24 hours, which the analyst claimed reinforced the notion of traders offloading their UNI holdings amidst declining confidence in Uniswap’s performance. Previous data showed that such trends usually result in a further decline in the token’s price. Related Reading: $931 Million Bitcoin On The Move: Mt. Gox Sparks Market Jitters Other market observers checked UNI’s technical indicators, revealing a negative sentiment towards Uniswap’s native token. The Bollinger Bands showed that it is tightening with the middle band at $7.470. Meanwhile, the upper and lower bands are at $9.332 and $5.608, respectively. Analysts said that the UNI’s price is on the lower band, indicating a strong bearish momentum, which could explain the drop in unrealized profit for the token. Featured image from Medium, chart from TradingView
Uniswap price is gaining traction as it rebounds from the $6.7 level, sparking renewed optimism among traders. After a period of consolidation, bulls are strongly attempting to reclaim control, aiming for a breakout beyond key resistance levels. However, the road ahead is not without obstacles. A critical resistance zone looms, and whether UNI can push past it or face another pullback remains the big question. Market sentiment is shifting as buying pressure increases, but the presence of strong resistance could determine the next phase of price action. If UNI breaks through, it could open the doors for a sustained rally, while failure to do so might lead to another retest of lower levels. Price Targets: How High Can Uniswap Go? Uniswap’s recent recovery from $6.7 has sparked bullish optimism, but how far can the price climb if it successfully breaks through resistance? The first key target lies at $8.7, a crucial resistance level that has previously acted as support and rejection. A decisive move above this zone could pave the way for $10.3, a level that may determine whether UNI can sustain further upside. Related Reading: Uniswap Price Surges Past $10 — Bullish Pattern Suggests Further 30% Gain If buying momentum remains strong, the next major hurdle is around $12.3, a psychological barrier and a key resistance from past price action. Beyond this level, the rally is expected to extend, potentially opening the door for $15.7 and beyond. However, UNI’s ability to reach these targets depends on broader market conditions, trading volume, and bulls countering selling pressure. A rejection at resistance might lead to a retest of lower levels, making it crucial for traders to monitor price action closely. Lastly, the Relative Strength Index (RSI) formation indicates that UNI still has more room for upward movement, as the RSI line has risen above the 50% threshold. This suggests that buying momentum is increasing, signaling a possible continuation of the bullish trend. Support Zones To Watch If UNI Faces A Pullback Several key supports may prevent UNI’s struggles to maintain its bullish momentum against further decline. The first major support level is around $6.7, which recently acted as a strong demand zone. A bounce from this level could indicate that buyers are still in control, keeping the uptrend intact. Related Reading: Uniswap Aims For Recovery – Bulls Take A Stand At $12.3 Support Should selling pressure intensify, UNI might drop toward the $5.5 range, a key area where buyers have previously stepped in to defend against more drops. Furthermore, a breakdown below this zone might shift sentiment to bearish, exposing UNI to a potential drop toward $4.8, a level where the token may stabilize or extend its losses. Featured image from Adobe Stock, chart from Tradingview.com
The program, instituted last year, will pay approved delegates based on their voting participation rates and community engagement.
Uniswap Labs has introduced native fiat off-ramps for the Uniswap wallet, enabling users to move cash into their bank accounts.
Coinbase and OpenSea recently had their years-long investigations dropped by the SEC as the agency takes a friendlier approach to crypto.
In every market cycle, the altseason is an anticipated period for investors marked by a general altcoins’ price outperformance against Bitcoin. However, there have been many doubts over an altseason in the current bull run with crypto analysts citing a surge in the number of altcoins over the last four years. Interestingly, Bitwise Chief Investment Officer (CIO) Matt Hougan has backed the potential of a brewing crypto altseason. The key crypto figure and market pundit has stated that certain DeFi developments are pointing to a robust price surge for the crypto market. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum DeFi Boom Incoming: Jupiter, Ondo, Uniswap Lead Charge To Altseason Via an X post on February 21, Hougan listed several developments, especially in the DeFi industry that hint at an incoming altcoin bull rally. Firstly, Hougan references the US Securities and Exchange Commission (SEC)’s latest decision to drop its lawsuit against the Coinbase Exchange. In June 2023, the US regulator charged Coinbase to court over several alleged securities violations including serving as an unregistered exchange and broker. However, in a sharp turn of events, the SEC has decided to withdraw its complaint ending a 2-year long legal battle The Bitwise CIO also mentions DEX aggregator Jupiter’s recent move to activate a fee structure introducing a minimum of 0.01% fees on all platform swaps which creates a more efficient operational model. Another development raised by Hougan is Ondo Finance’s announcement of the Ondo Global Market, a tokenization platform designed to introduce on-chain exposure to US securities such as stocks, bonds, and exchange-traded funds listed on the NYSE and NASDAQ. Finally, Hougan also spotlights the launch of the Unichain – an Ethereum-layer 2 solution designed by Uniswap labs to improve liquidity, cross-chain operatalibility and also significantly reduce transaction fees. In reality, these are all singular developments. However, Hougan explained these developments can be attributed to the ongoing efforts by the current US Government to create a “fair regulatory environment.” In doing so, crypto companies and DeFi projects can run effectively extending their reach beyond the digital asset space. The potential of this scenario is likely to encourage investor engagement serving as an early indicator of altseason. In particular, Matt Hougan explains the DeFi market presents a lot of hidden potential to influence the non-crypto markets under the right conditions. Crypto Market Overview At press time, the crypto market cap is valued at $3.12 trillion after a 1.78% decline in the past day. Bitcoin maintains strong market influence with a dominance of 60.4%, followed by Ethereum (10.2%) and other altcoins (29.5%). Meanwhile, the Altseason index is at 31 strongly in favor of the premier cryptocurrency. Related Reading: Bitcoin Dominance Tipped To Hit 57% — Altseason Incoming? Featured image from iStock, chart from Tradingview
The Uniswap price appears to be recovering nicely after a disappointing performance at the beginning of the year. The DeFi token rallied past the $10 mark in the final hours of Friday, February 14, reflecting the improving climate of the general crypto market. Uniswap Price Jumps 10% In The Past Week The UNI token was one of the beneficiaries of the bullish momentum that shook the market on Friday evening. As of this writing, the price of Uniswap stands at around $10.18, reflecting an over 3% increase in the past 24 hours. Related Reading: Bitcoin At Risk? Analyst Says Breaking This Price Level Could Spark Significant Volatility This single-day action pushed the Uniswap price performance in the last week to double digits; a nearly 11% climb according to data from CoinGecko. While things seem to be looking up for the altcoin, its performance on broader timeframes is still something to worry about. Due primarily to the recent drop beneath the $8 level, the price of UNI is down by almost 15% in the last two weeks and 30% in the past month. However, the Uniswap price appears to be gearing for a bullish breakout over the next few days. Here’s How UNI Price Could Reach $13 In a February 14 post on the X platform, popular crypto analyst Ali Martinez put forward an exciting bullish outlook for the price of UNISWAP over the coming days. According to the crypto pundit, the DeFi coin could travel as high as $13 following the potential bullish breakout. The rationale behind this optimistic prediction is the formation of the Adam & Eve pattern on UNI’s hourly price chart. The Adam & Eve pattern is a technical analysis formation characterized by two distinct troughs (price swing lows). The first depression, Adam, is a sharp V-shaped dip, while the second trough, Eve, is marked by a more rounded, U-shaped bottom. This price formation is often a reversal indicator, suggesting a potential shift in market sentiment from bearish to bullish. However, it is most crucial after identifying an Adam and Eve pattern to wait for the confirmation of a bullish breakout. The bullish setup is validated once the asset’s price breaches and successfully closes above its highest high. In UNI’s current situation — as shown in the highlighted chart, the significant level to confirm the bullish breakout is around the $10.1 mark. According to Martinez, a successful close above this level could set the stage for a Uniswap price rally to $13 — about 30% from the current price point. Related Reading: Avalanche Shows Signs Of Recovery As Key Indicator Flashes A Buy Signal – Details Featured image from iStock, chart from TradingView
Also: Lido goes modular; Uniswap finally launches Unichain
While UNI's price rose, sentiment surrounding UNI remained positive amid a 30% increase in social media posts.
Powered by Optimism's OP stack, Unichain—like other layer-2s on Ethereum—offers faster and cheaper transactions compared to Ethereum's mainnet.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Unichain will features technological innovations like a new block builder and validator network to improve network security and minimize MEV.
Blockchain security firm Scam Sniffer reported that crypto phishing scams drained $10.25 million from 9,220 victims in January, marking a 56% decline from December’s $23.58 million in losses. However, the report notes that the bad actors have been evolving and implementing more sophisticated attack methods. Ethereum users targeted According to Scam Sniffer, Ethereum users were […]
The post Crypto phishing scams drained $10.25 million in January appeared first on CryptoSlate.
The attempt of Uniswap to break past the critical $12.3 resistance has fallen short, giving bears the upper hand and triggering a fresh decline. Despite bullish efforts to push higher, selling pressure at this key level proved too strong, forcing UNI into a downward move. This failure to sustain gains above $12.3 has raised concerns about a potential deeper retracement, as sellers look to capitalize on the weakness. With bearish pressure mounting, UNI’s price action suggests that bulls may need to regroup before attempting another breakout. Will the token find support and recover, or is a deeper decline on the horizon? Why Bulls Failed To Break $12.3: Market Sentiment Explained Uniswap’s failure to break past the $12.3 resistance level highlights a shift in market sentiment, where bearish pressure outweighed bullish momentum. Despite multiple attempts by buyers to push higher, the resistance proved too strong, leading to increased selling activity. This suggests that traders saw $12.3 as a key take-profit zone, reducing upward strength and allowing bears to regain control. Related Reading: Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight Another factor contributing to the rejection is overall market uncertainty. If broader crypto market conditions remain weak or investors hesitate to commit to higher price levels, bullish breakouts become harder to sustain. Uniswap trading below the 100-day Simple Moving Average (SMA) combined with a weakening RSI indicates significant bearish pressure. The 100-day SMA, often seen as a key indicator of the longer-term trend, suggests that the market sentiment is tilted toward selling. Additionally, the ongoing decline in the RSI indicates that selling pressure is growing stronger. As the indicator drops below the 50% level and moves closer to the oversold zone, it implies that bearish movement is picking up pace. For Uniswap to regain strength, buyers must reclaim momentum and establish strong support to fuel another breakout attempt. Until then, market sentiment leans bearish, keeping the risk of further downside in play. Key Support Levels To Watch As Uniswap Slides As Uniswap slides lower, key support levels will be crucial in determining whether the price can stabilize or if more declines are likely. The first notable support lies around $10.3, which has historically acted as a base for price action. If UNI fails to hold this level, the next area of support to watch is around $8.7, where the price could find more significant buying interest. Related Reading: Uniswap Consolidates At $17: A Calm Before The Bullish Storm? Should both levels be breached, UNI might face deeper declines, with $6.7 as the next key support level. These support zones will be key indicators for traders looking to determine whether the price can stabilize or if the bearish momentum will continue to drive UNI lower. Featured image from Adobe Stock, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Fairshake, a bipartisan super Political Action Committee (PAC) focused on funding crypto-friendly policies, has raised $116 million in funding for the 2026 US midterm elections. In a statement shared with CryptoSlate, Fairshake said its war chest includes over $11 million in fresh contributions received from major players in the crypto industry, including a16z, Coinbase, Jump […]
The post Fairshake has $116M to fund pro-crypto candidates in 2026 midterms appeared first on CryptoSlate.
Uniswap remains on a steady upward path as bullish momentum fuels its push toward the $12.3 mark. After a successful rebound at the $10.3 support level, UNI has shown resilience, with buyers stepping in to sustain the rally. The strong price action reflects growing investor confidence, supported by rising trading volume and favorable technical indicators. As bulls maintain control, Uniswap’s ability to hold above crucial support zones will be key to extending its gains. A successful move toward $12.3 could reinforce the uptrend, setting the stage for even higher targets if buying pressure continues to build. UNI’s Price Momentum And Its Path To $12.3 Resistance Level Evaluating UNI’s price momentum, further gains seem likely, especially following the strong rebound at the $10.3 support level. After a brief pullback, Uniswap found stability at $10.3, which has since acted as a solid base for a renewed upward movement. Related Reading: Uniswap Aims For Recovery – Bulls Take A Stand At $12.3 Support This rebound signals the resilience of the bulls and reinforces the overall bullish trend. Significantly, the swift recovery above $10.3 reflects robust demand, indicating investors’ optimism about Uniswap’s future performance. From a technical perspective, key indicators align with the bullish outlook. The price is heading toward the key 100-day Simple moving averages (SMA), suggesting continued upward pressure. In addition, the RSI has moved out of oversold territory, signaling that buying momentum is building. Trading volume has also experienced an increase of over 25% in the last 24 hours, further confirming that market participants are backing the move higher. These factors combined create a positive environment for Uniswap to extend its rally. What’s Next For Uniswap If $12.3 Is Reached? Reaching $12.3 would be a significant milestone for Uniswap, with aims to break through from resistance. This would likely attract more buying interest, strengthening the ongoing bullish momentum. A sustained move above $12.3 might drive the price toward even higher levels. UNI would enter new territory, increasing the potential for continued gains. Overall, this move could solidify Uniswap’s bullish outlook in the market. Related Reading: Uniswap Bulls Set Sights On $16.9 Resistance As Uptrend Extends Once $12.3 is breached, the next immediate resistance levels could be around the $15.7 and $17 zones, depending on market conditions and buying interest. If the price maintains upward pressure, it will trigger the continuation of the rally. Holding above the $12.3 level is crucial for UNI to prevent a pullback. However, should the price fail to maintain this level, a retracement to nearby support zones like $10.3 would occur. In this scenario, defending these support levels will be essential for the bulls to regroup and aim for a renewed push toward higher levels. Featured image from Medium, chart from Tradingview.com