Technical Analysis: UNFI/USDT Weekly Chart

7月24日Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

The UNFI/USDT weekly chart is currently at a crucial support of $3.612. A rebound and a breakout above the 50-week EMA will likely indicate a potential bullish rally toward the resistance trendline at $10.6.

Conversely, a breakdown below the lower support could lead to further downside.

Key Observations:

- Current Price: $3.863.
- Primary Support: $3.612.
- Lower Support: Around $2.479.
- Primary Resistance: $5.522 (50 EMA).
- Higher Resistance: $10.6.
- All-Time High: $44.399.
- Invalidation: A close below the lower support.

DYOR, NFA.

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