UNI Double Top Pattern: Downward Pressure from $5.43 and Weakening Indicator Signals

SmartContractPhobia · 2026-01-13T10:06:19+00:00

Uniswap (UNI) is trading at $5.43 with a slight 0.48% increase over 24 hours. A significant double top pattern is forming, with the $6.00 resistance level being crucial. Weak KDJ signals indicate limited buying pressure, reflecting divided market sentiment. A downturn below $5.60 is probable. Despite some positive developments, worsening technical signals hinder bullish momentum. Sustained closes above $6.00 are necessary for a breakout confirmation.

SmartContractPhobia

2026-01-13 10:06:19

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Uniswap (UNI) is currently trading at $5.43, with a 24-hour increase of +0.48%. On the technical side, a notable double top pattern is forming, with the $6.00 line acting as a resistance level and an important turning point, especially in relation to the daily MA60. After the battle on December 26, the market has continued to struggle to clearly break above this level, and downward pressure is intensifying.

Weakening signals indicated by the 4-hour chart

The 4-hour chart shows the KDJ indicator forming a death cross, suggesting that the upward momentum is waning. This signal indicates that buying pressure at the current price range is limited, increasing the likelihood of a limited rebound. Market participants are increasingly cautious about this technical weakness.

Market sentiment and next risk levels

Current market sentiment is divided, with a nearly equal split of 52% bullish and 48% bearish. This divergence reflects a high level of uncertainty among market participants. Technically, a decline below $5.60 is a realistic scenario, and traders should vigilantly monitor the re-test of key support levels.

Despite positive factors such as recent proposals to switch trading fees, the deterioration of technical signals is offsetting these positives. Confirming a breakout requires sustained closing prices above the $6.00 line.

UNI-3.88%

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