Arthur Hayes Buys More UNI Amid Bearish Momentum
Arthur Hayes has expanded his UNI holdings by purchasing another 39,800 tokens for approximately $273,000 through Flowdesk. This brings his total position to 323,901 UNI at an average entry price of $6.94, valuing his stake at around $2.247 million.
Unfortunately, Hayes' investment is currently showing a $286,000 unrealized loss due to the decline in UNI's value.
The technical analysis on the 4-hour chart shows that UNI is trading at $5.96 within the Bollinger Bands, with lower support at $5.67 and upper resistance at $7.34. The EMA50 at $6.31 acts as immediate resistance, while the EMA200 at $5.17 provides deeper support.
Notably, the MACD death cross is -0.19, combined with an RSI of 32.84, indicating short-term bearish momentum that could lead to a test of the 50-EMA before any potential bounce.