UNI 8H – Retesting Trendline After Spike HighUNI / TetherUSBINANCE:UNIUSDTBKVIPUniswap is trading around 9.001 on the 8H timeframe after pulling back from a fresh high near 10.500, now sitting right at the horizontal flip zone near 9.00 while the long term ascending trendline continues rising steadily beneath price. The structure here shows a consistent uptrend since mid August, with the trendline holding through every meaningful pullback along the way as price climbed from around 3.24 to current levels. That trendline caught up with a key horizontal level near 6.10 in mid September, where price based briefly before launching into a sharp acceleration that carried UNI straight through 8.50 and up to the recent high near 10.500. This latest leg was by far the steepest of the entire move, and the pullback since then has been proportionally sharp as well. Price is currently consolidating around 9.001 after that spike, testing the 8.50 to 9.00 zone that acted as the launch pad for the final leg higher, while the trendline itself sits further below near 8.50. Key Levels To Watch: → 10.500 Recent high, breakout extension top → 10.000 Prior swing high, resistance on a bounce → 9.001 Current price, testing former breakout zone → 8.500 Trendline support, key flip level → 6.100 Prior consolidation, deeper support → 3.240 Trendline origin, mid August low Holding above 8.50 keeps this rally structure intact, and a reclaim of 10.000 would set up another attempt at the recent highs with room to extend further if momentum returns. Losing the trendline near 8.50 would signal the first real break of structure since this move began, opening a deeper retracement back toward 6.100 as the next area of support. Hold the trendline and UNI continues building toward fresh highs. Lose it and this pulls back into a deeper correction. Bias stays bullish given the consistency of this trend since mid August, but a cooling off period here would be a healthy development after such a sharp advance.