🔍 Analysis of #Uniswap (#UNI) Movement
Currently, #Uniswap is trading near a strong support level at $6.327. This level could be a starting point for a bounce if the price manages to hold above it.
Possible Scenarios:
Bullish Scenario: If UNI manages to break out of the falling pattern (wedge) and starts rising, we could see prices move toward higher targets at $11.356, $14.601, and even $17.883.
Bearish Scenario: If the price fails to hold above the current support, there could be more downside, potentially offering buying opportunities at lower prices.
Currently, #Uniswap is trading near a strong support level at $6.327. This level could be a starting point for a bounce if the price manages to hold above it.
Possible Scenarios:
Bullish Scenario: If UNI manages to break out of the falling pattern (wedge) and starts rising, we could see prices move toward higher targets at $11.356, $14.601, and even $17.883.
Bearish Scenario: If the price fails to hold above the current support, there could be more downside, potentially offering buying opportunities at lower prices.
Note
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Subscribe to my X 👉 : x.com/VIPROSETR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.