UNI Technical Analysis Jan 29

UNI is consolidating around $4.77, with critical support and resistance levels prominent for intraday fluctuations. Short-term momentum gives mixed signals; careful risk management is essential.

Short-Term Market Outlook

UNI is currently trading at the $4.77 level and showing a slight 0.27% decline over the last 24 hours. The daily range remained limited between $4.75 – $4.88, with volume at a moderate $80.18 million. The short-term trend continues downward; the price is positioned below EMA20 ($4.78$), which is a bearish signal. RSI at 48.81 is in neutral territory, with no overbought or oversold conditions. MACD shows a positive histogram, but the overall picture remains cautious. Supertrend is bearish and points to $5.06 resistance. Volatility is low for the next 24-48 hours, but BTC pressure could affect altcoins. In MTF context, 12 strong levels were identified across 1D, 3D, and 1W timeframes: 1D with 2 supports/2 resistances, 3D with 2S/2R, 1W with 2S/4R. These levels should be monitored for quick scalp opportunities, but short-term trades carry high risk – keep capital management tight.

Intraday Critical Levels

Nearby Support Zones

Immediate support zone at $4.7257 (score: 87/100), just above recent lows and a strong hold point. If this level breaks, it could quickly invalidate to the $4.75 intraday bottom range. Lower supports from MTF around $4.70 pivots, but focus within 24 hours is on $4.7257. This zone is a quick entry/exit point for scalp longs, with stop-loss just below.

Nearby Resistance Zones

Nearby resistance at $4.7768 (score: 69/100), just above current price and aligning with EMA20. A breakout opens $4.8799 (score: 60/100), followed by Supertrend target at $5.06. $6.3308 is longer-term (score: 61/100), irrelevant for intraday. These resistances are critical for momentum tests; quick rejections could create short scalp opportunities, with invalidation on upside breakouts.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI neutral (48.81), no divergence but weak. MACD histogram is expanding positively, indicating mild bullish divergence, but price below EMA dominates. Supertrend bearish signal with speed in the downside direction; upside moves will remain weak without volume increase. On 1H and 4H charts, speed indicators (e.g., Stochastic) are approaching oversold, with bounce potential around $4.72. Overall speed profile shows low volatility – sudden volume spikes could be triggers. Volume confirmation is essential for momentum surge in the next 24-48 hours, otherwise it stays range-bound.

Short-Term Scenarios

Upside Scenario

Clear break and close above $4.7768 resistance (with volume increase) triggers bullish: Quick target $4.8799, extension to $5.06 Supertrend. Upside stretch to $5.2823 (score: 30), but low probability. Invalidation: Close below $4.7257, quick close of long positions. This scenario activates if BTC stabilizes (above 88.9k), ideal for scalp rallies.

Downside Scenario

If $4.7257 support breaks (with BTC decline), bearish accelerates: First target $4.75 bottom, then MTF supports at $4.70. Short-term downtrend continuation likely, Supertrend pressure increases. Invalidation: Rejection above $4.7768, early exit for shorts. High risk: Sudden bounces are frequent, tight stops mandatory.

Bitcoin Correlation

BTC at $88,763 level in downtrend, pressuring alts with 0.69% decline in 24 hours. UNI highly correlated with BTC (beta ~1.2); if BTC tests $88,626 support, UNI drops to $4.72. BTC resistances at $88,944 – $90,722; surpassing here brings UNI relief, potential rally to $4.88. BTC Supertrend bearish – caution for altcoins, dominance rise crushes UNI. BTC key levels: Support $88,626 / $87,423, Resistance $88,944. UNI traders should prioritize monitoring BTC.

Daily Summary and Monitoring Points

Today’s focus for UNI: $4.7257 support and $4.7768 resistance tests. Momentum mixed, BTC downtrend limiting alts. Watch: Volume spikes, RSI crossing 50, BTC $88.6k breakdown. For short-term trades, tight stop-loss (0.5-1% risk), keep position sizing low. High volatility risk – detailed data in UNI Spot Analysis and UNI Futures Analysis. Remember: Short-term trading is speculative and can wipe out entire capital.