Unifi Protocol DAO aims to create the next class of blockchain, built on the principle of economic sustainability. Using stablecoins in lieu of blockchain transaction fees.
Currently, UNFI has failed to form a Rising Wedge (Bearish) and is confirmed to have experienced a reversal. With the confirmation of the breakout, UNFI has the potential to increase by 23.45% from the entry point of HKEX:5,318 and the potential increase target is at $6.56. However UNFI needs to break its immediate resistance at $5.8
If it turns out to be a fake breakout, traders can target a cutloss position at $5.18 with a potential loss of $2.5%.