Uniswap — The Darling of DeFi

UNI / US DollarBinance

Description

⋅ Oct 26, 2020 12:43 PM

Uniswap has dwindled after its launch on Binance which saw a 100% price increase on day 2 of being listed.

Price has ground down for the 2 months since then and so far there's no indication of a new price rally yet.

A possible support level may exist at $2.50 but that has not been tested yet.

Team Sparkster is Neutral on Uniswap for now.

Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.

Comments

encrystion

⋅ Oct 26, 2020 4:53 PM

I appreciate your well balanced and cool headed approach. I agree that $2.5 could very well be the bottom we are hoping to consolidate around. It appears we are testing that double bottom today, let's hope she can hold.