On the morning of July 16, UNI experienced a brief rise followed by a pullback in trading. Although this trend appears weak, it is actually within market expectations. Many investors often wait for clear signals to realize a pullback, however, in fact, UNI has been consolidating within the range of $8.76 to $9.4.

The price level of 8.76 USD has been repeatedly confirmed as a strong support level. Currently, the price is testing this area multiple times, indicating that spot buying is forming a bottom. On the surface, it seems calm, but in reality, there are undercurrents surging, accumulating energy for a breakthrough.

However, investors still need to be vigilant about potential risks. The market may experience a limit downside, reaching the 8.536 or 8.25 dollar range. If this occurs, it should be seen as a good opportunity to build a position, and it is recommended to set up alerts or limit orders in advance.

In terms of short-term trends, the upper targets remain at $9.3, $9.4, and $9.5. Once this consolidation range is successfully broken, the next key range will be $10.2, $10.37, $10.5, and $10.6.

From the overall trend this month, the potential for UNI to reach 12-13 dollars still exists. For spot holders or bullish investors, it is advisable to maintain a stable position and patiently wait for trend confirmation, without being disturbed by minor fluctuations.

It is worth noting that Ethereum has performed strongly in the past two days, leading the market. Meanwhile, the market is also paying attention to other potential opportunities, including tokens like FLOKI, CRV, and BONK. However, investors are still waiting for the so-called 'altcoin season' to truly arrive. In this uncertain market environment, it is crucial to remain vigilant and conduct rational analyses.