UNI cryptocurrency can be expected to fall to the next support level 5.00, which reversed the price at the start of April.
- UNI reversed from resistance area
- Likely to fall to support level 5.00
UNI cryptocurrency recently reversed down from the resistance area between the key resistance level 6.000, (former strong support from the start and the end of March, acting as the resistance now after it was broken at the start of April) intersecting with upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from the middle of March. The downward reversal from this resistance area continues the active short-term impulse wave iii, which belongs to the intermediate impulse sequence 3 from the start of February.
Given the clear daily downtrend and the widespread bearish sentiment that can be seen on the cryptocurrency markets today, UNI cryptocurrency can be expected to fall to the next support level 5.00, which reversed the price at the start of April.
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