#UNI is currently trading around $3.49, up nearly 4%, following a sharp volatility spike on the 4H timeframe.

The chart shows a clear downtrend structure over the past weeks, with consistent lower highs and lower lows.

Recently, price wicked into a strong demand zone around $3.05–$3.20, sweeping liquidity below prior lows before printing a strong bullish impulse candle toward the $3.80 region. This suggests aggressive buyers stepping in at discount levels.

If $UNI holds above the $3.30–$3.40 area and forms a higher low, momentum could build toward a reclaim of $3.80, with potential continuation into the $4.00 resistance zone. A clean break above $4.00 would shift short-term structure bullish.

Failure to hold above $3.30 may result in another retest of the $3.10 demand zone. A breakdown below $3.05 would confirm continuation of the broader downtrend.