Crypto
UNI Bulls Eye $10.96 as Smart Money Remains Heavily Long
Uniswap's governance token, UNI, is currently trading at $8.85 after a modest 0.76% dip in the last 24 hours.
The token has pulled back from its session high of $9.29 and is effectively digesting an enormous multi-month recovery from levels that looked catastrophic not long ago.
Despite this consolidation, smart money remains heavily long on UNI, with a 1.94 long/short ratio and 66% of their exposure net long.
The technical setup is also bullish, with the moving average stack pointing sharply higher and the Bollinger Band positioning in the upper half of its range.