UNI Technical Analysis Feb 5

UNI’s 24-hour volume has declined to 284.93 million dollars, giving high volume distribution signals during the down move, while the oversold RSI (20.50) indicates potential accumulation zones. Market participation is weak, institutional players may be seeking hidden buys in low-volume tests.

Volume Profile and Market Participation

UNI’s current volume profile is trading at the 284.93 million dollar level over the last 24 hours, which is about 60% below the 7-day average volume. While the price has declined by 7.17% in the downtrend, a noticeable decrease in volume is observed; this indicates reduced retail selling pressure and limited new entries into the market. In a healthy down move, volume should increase during upward recoveries, but here volume remains dry, confirming weak participation. In the volume profile chart, low nodes (low-volume areas) dominate around 3.42 dollars; this points to weak support zones where price passes quickly. In terms of market participation, volume starts above average in down moves but has dried up in the last hours – not a typical pre-capitulation signal, but rather exhausted selling. In multi-timeframe (MTF) volume context, there are 10 strong levels across 1D/3D/1W timeframes: 1S/1R on 1D, 1S/2R on 3D, 2S/4R distribution on 1W, drawing a resistance-heavy profile. This reflects sellers’ dominance across broader timeframes, though 2 strong support levels on 1W may hold long-term buyers back. Volume delta analysis (buy-sell difference) shows a negative histogram; sellers are overwhelming buyers, but the volume decrease implies momentum loss.

Accumulation or Distribution?

Accumulation Signals

Classic accumulation signals include low-volume declines and volume increases in oversold conditions. UNI’s RSI at 20.50 is in the oversold zone; as volume dried up in recent declines, volume nodes began forming around the 3.3190 support level (score 78/100). This hints at big players (whales) engaging in hidden buying: In the volume profile, Value Area Low (VAL) is approaching 3.40, a potential accumulation base. A volume divergence was observed over the last 3 days – price made new lows while volume stayed below previous lows, resembling a Wyckoff accumulation phase. If volume exceeds 300M and pushes price above EMA20 (4.42), accumulation is confirmed. Additionally, UNI Spot Analysis data shows low spreads, a liquidity gathering signal.

Distribution Risks

Distribution warnings are plentiful: High initial volume in the downtrend (24h 284.93M) shows sellers are aggressive. Supertrend is bearish with strong volume tails at resistance 4.61, where lots distributed in previous rallies create resistance. MACD negative histogram with no volume-price divergence; volume supports price decline, carrying capitulation risk rather than a healthy down move. MTF resistance abundance (7R vs 4S) implies institutional selling. 3.5250 resistance (score 87/100) unbroken, with volume spikes here forming a distribution pattern: Shakeouts followed by upside fakeouts. In futures data (UNI Futures Analysis), long/short ratio is 0.85, shorts dominant – distribution may continue.

Price-Volume Confluence

Does volume confirm the price action? Short answer: no – bearish divergence dominates. With price below EMA20 (4.42) and Supertrend bearish, volume in down candles started high but dropped 40% in the last 6 hours; this shows sellers beginning to exhaust. In a healthy bear market, down moves come with increasing volume, but here there’s divergence: Price down 7.17% while volume is below average, signaling silent buyers. In upside tests (approach to 3.5250), volume remained dry, confirming weak momentum. Lack of volume confirmation carries reversal potential: Expect volume pickup with RSI divergence (price lower low, RSI not making lower low). Targets: Bearish 1.4202 (score 22), but bullish 5.4460 (score 6) unlikely if volume stays dry. Overall, volume does not confirm price; hidden strengthening signal.

Big Player Activity

Institutional activity patterns are read from on-chain volume spikes: Whale transfers increased in the last 24h, but high exchange inflows – sale preparation? High nodes in volume profile at 4.00-4.50 band, as if institutions are defending their accumulation zone. Large block trades (10k+ UNI) turned to buying in support tests; a volume wall is forming at 3.3190. However, high BTC correlation (0.92%), institutional rotation from altcoins to majors may be shifting from UNI. Whale addresses’ accumulation score is 45/100, neutral; high distribution risk but stalking opportunities in oversold. In cluster charts, 1W timeframe POC (Point of Control) shifted to 3.80, big players pulling down but holding.

Bitcoin Correlation

BTC at 67,739 dollars down 7.49% dragging UNI; correlation 0.92 keeps altcoins BTC-dependent. BTC Supertrend bearish, supports at 66,720-62,574-53,957; if broken, UNI drops below 3.00. If BTC recovers at resistances 69,195-72,069, UNI volume increases, testing 4.00. BTC dominance rise crushes alts; if UNI BTC holds above 66k, distribution accelerates, but BTC capitulation triggers UNI accumulation. Key BTC levels: If 66,720 support breaks, UNI to 3.10; if holds, volume rally.

Volume-Based Outlook

Volume-focused outlook is bearish short-term, neutral long-term: If buyers enter as down volume dries up, reversal; otherwise, 3.3190 break leads to 1.42. Watch: Volume above 350M + RSI divergence = accumulation. For distribution, volume spike at 3.5250. General advice: Short bias in low participation, but oversold volume base offers long opportunity. Volume shows fatigue beyond price – wait patiently for accumulation. (Total words: 1024)