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      Uniswap (UNI) – On its way to $20? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 24, 2021

      4:45 AM UTC

      Uniswap (UNI) – On its way to $20? - Stocks Telegraph

      The native token of Uniswap DEX is UNI

      At the time of writing, UNI is being traded at the rate of $16.84 with an increase of almost 12% within the last 24 hours.

      The low within this tenure was around $15.03 and the high was approximately $17.09. The coin as being in the watchlist of many traders makes it rank all the way up to number 19th according to the latest data released by coin market cap.

      UNI during the month of May approached a near All-time High around the price of $45. The trading volume today on the other hand has increased by almost 200%.s

      The top exchanges for trading UNI are currently Binance, OKEx, FTX

      Technical Analysis –  Uniswap (UNI)

      UNI has been of the slow coins to move. On the chart, we can see that the price UNISWAP had been creating a higher high and higher low. But it can be seen that the structures didn’t have many differences in terms of values. It looked like as it was in a consolidation phase on a major time frame.

      The chart shows that the price of Uniswap (UNI) started to lose momentum and slowly started to fall. It soon broke the previous structure. This break of the structure was pivotal to show the direction of the movement.

      UNI - 1D

      The price of UNI fell down by printing two massive red candles. The second one had a huge wick which grabbed the liquidity below present below.  The price did have a reversal but it wasn’t strong enough to create a reversal in the pattern.

      Now an important point of interest is the presence in the order block. We can expect the price to show a reversal from this point. This can drive the price upwards and we can touch the daily order block. If the price becomes stable above it, we can look for a higher high. If the price fails to hold the level, this would drop UNI down. Lower time frame confirmations should be taken into consideration to have a cleaner entry.

      Price Prediction – Uniswap (UNI)

      UNI has been one of the slow gainers in the market. The price is still way low as compared to the all-time high.  According to wallet investor, the price of UNI is to reach a value of $29.694 in a year. In five years, the price is expected to reach a value of $88.806.

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