Uniswap (UNI) price is attempting a comeback after suffering from a 66% crash between early March and mid-April.
Uniswap price is likely to slide double-digits before it stabilizes. A bounce from the $9.26 to $8.29 accumulation zone could send UNI to $11.39 and $12.87. A breakdown of the $8.29 support level will invalidate the bullish thesis. Uniswap price is attempting a comeback after suffering from a 66% crash between early March and mid-April. The incoming correction will provide patient buyers an opportunity to accumulate UNI before triggering a volatile upswing.
In such a case, UNI could surge nearly 13% and revisit the $12.97. In total, this move would constitute a 45% gain from the midpoint of the aforementioned accumulation range. The Relative Strength Index is close to retesting the mean level of 50 on the daily timeframe, supporting this accumulation outlook for Uniswap's price and signaling a potential bounce in the works forUNI. The Awesome Oscillator is also above its mean level of zero, hinting that bullish momentum is in control.
Cryptocurrencies Technical Analysis
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uniswap Foundation delays vote for token staking and delegation rewards, UNI falls 8.7%The postponement was due to a 'stakeholder' discussing concerns with the Foundation that prompted more attention.
Read more »
Uniswap (UNI) Skyrockets by 20% Daily, Pepe (PEPE) Charts New All-Time High (Market Watch)Crypto Blog
Read more »
Uniswap to conduct on-chain voting on May 31 despite SEC Wells notice, UNI could extend gains over 20%Uniswap (UNI) is the governance token of the decentralized exchange platform.
Read more »
Could Worldcoin price shoot up 45% ahead of OpenAI’s live stream on Monday?Worldcoin (WLD) price has formed a double bottom around a key support level, suggesting a potential accumulation.
Read more »
A Looming Crisis: 66% of Global Population To Experience Water Scarcity by 2100Science, Space and Technology News 2024
Read more »
66 Restaurants Open on Memorial Day 2024Chrissy Callahan covers a range of topics for TODAY.com, including fashion, beauty, pop culture and food. In her free time, she enjoys traveling, watching bad reality TV and consuming copious amounts of cookie dough.
Read more »