Uniswap USD Drops 10.3% to $8.69 as RSI Signals Pullback

Uniswap USD fell 10.3% to $8.69 in 24 hours, erasing gains from earlier in the month. Trading volume surged to 1.15 billion, 173% above the 30-day average, as the RSI at 63.66 suggests the coin is cooling after a strong rally. The move comes as the token sits well above its 50-day moving average of $5.91, indicating underlying strength despite the pullback.

Why UNIUSD dropped 10.3% overnight

The sharp decline follows a month-long rally that pushed UNIUSD up 98.4% from its June low. Price climbed from $9.68 at the open to a day high of $9.74, then reversed hard to close at $8.69. The 1.15 billion in volume, 2.7 times the daily average, points to heavy profit-taking rather than panic selling. The coin remains 275% above its 52-week low of $2.32, suggesting long-term holders are locking in gains.

Technical picture shows momentum cooling but trend intact

The RSI at 63.66 sits in neutral territory, below the 70 overbought threshold, indicating room for further moves in either direction. The MACD histogram at 0.14 remains positive with the signal line at 1.09, confirming upward momentum persists. The ADX at 56.17 signals a strong trend, and price sits between the Bollinger Band lower support at $4.51 and upper resistance at $10.30, well-positioned for the next leg. The Stochastic %D at 70.30 suggests overbought conditions may have triggered the selloff.

Meyka’s price forecasts point to deeper losses ahead

Meyka’s 1-month forecast of $3.44 implies a 60.4% decline from current levels, while the 12-month forecast of $3.77 suggests a 56.7% drop. These targets sit above the 52-week low but well below the 50-day moving average, signaling a potential retest of support. The gap between current price and forecast levels reflects elevated volatility and uncertainty about the coin’s medium-term direction. Forecasts may change due to market conditions, regulations, or unexpected events.

Volume surge and money flow confirm the pullback

The Money Flow Index at 63.01 sits in neutral-to-bullish territory, suggesting buyers remain engaged despite the price drop. On-Balance Volume at 8.87 billion shows cumulative buying pressure, indicating the selloff is a correction within an uptrend rather than a reversal. The relative volume of 2.69 confirms today’s trading intensity far exceeds normal levels, typical of profit-taking after extended rallies. This pattern often precedes consolidation before the next directional move.

Final Thoughts

UNIUSD’s 10.3% drop reflects profit-taking after a 98% monthly gain, not a trend reversal. The RSI, MACD, and ADX all confirm upward momentum remains intact, though Meyka’s forecasts warn of potential downside to $3.44 within one month. Traders watching support at the 50-day moving average of $5.91 hold the key to the next move.

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Disclaimer:

Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.