Uniswap’s UNI Could Drop a “Lot Lower” as Key Support Level Risks Breaking
Uniswap’s UNI token has been sliding lower over the past few days, and there’s no end in sight to its ongoing descent. The strength of this selloff has been intense and has struck a serious blow to both investor sentiment and its market structure. Many analysts are now noting that the cryptocurrency is at risk […]
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Uniswap’s UNI started a decent increase above $5.35 against the US Dollar. The price is likely to continue higher above $6.00 and $6.20 in the near term. UNI started a fresh increase after forming a base above the $4.75 level against the US dollar. The price is trading above $5.65 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $6.00 and $6.20 resistance levels in the near term. Uniswap’s UNI....
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UNI – the governance token of the Uniswap platform – has been seeing some immense turbulence in the time since its launch. The hype surrounding the token – which was airdropped to all of Uniswap’s users – sent the price of the cryptocurrency rallying up to highs of $8.50. The token lost its momentum once […]