UNI recently suffered a sharp -16% correction from the $20.00 region to the $16.75 support between Monday and Thursday, amid a reemergence of bears across the broader market. Despite the recent crash, the cryptocurrency maintains a bullish outlook on my daily chart and remains on course to $21.50. That said, I expect to see a steady recovery towards the $20.00 psychological resistance mark over the coming days. Nonetheless, this recovery could take a while, given the current volume drought in the market as we head into the new year.
Meanwhile, my resistance levels are $18.25, $19.20, and $20.00, and my support levels are $16.75, $15.00, and $14.00.
Total Market Capitalization: $2.21 trillion
Uniswap Market Capitalization: $11.2 billion
Uniswap Dominance: 0.50%
Market Rank: #18
Meanwhile, my resistance levels are $18.25, $19.20, and $20.00, and my support levels are $16.75, $15.00, and $14.00.
Total Market Capitalization: $2.21 trillion
Uniswap Market Capitalization: $11.2 billion
Uniswap Dominance: 0.50%
Market Rank: #18