UNI/USDT — 2D Chart Analysis

UNI is currently trapped within a descending channel on the 2-day timeframe, and the overall technical structure remains bearish. The price action tells a clear story: each time buyers attempt to push the price higher, they run into channel resistance and get rejected. Most recently, another rally fizzled out near the upper boundary, sending UNI back down into the lower portion of the range.

The current bounce from support is worth monitoring, though the immediate bias stays to the downside as long as price remains capped by channel resistance. Until UNI can definitively break above this level, the bearish structure remains intact. Watch for either a break above resistance signaling a potential trend shift, or further weakness pushing into the lower support zone.