UNI - 4h. Strong Token Prepares for 30% Growth

28 mai 2021

In very different ways, altcoins have experienced a massive wave of declines in the crypto market. Some strong projects did not fully meet the expectations of investors and showed a weak rebound in prices after May 19. Today we are going to talk about Uniswap (UNI). As we can see on the chart, buyers managed to quite aggressively respond to sellers on their downward wave. Of course, like all other coins, the price of UNI fell by 70%, which is considered an average. However, if we look at the UNIUSDT chart today, we see that buyers are very interested in this token. It is also perfectly visible on the daily timeframe:

Please note that for two days the sellers are trying to force their game on the UNIUSDT market. However, buyers are actively buying back every UNI fall and do not allow the price to enter the important liquid range of $ 21-23.

The secret of this coin's success is in its chart paired to BTC. The thing is that UNIBTC is one of the few charts among crypto coins that shows a rise or at least a stop in price:

Globally, UNIBTC buyers were able to keep the price within the black channel. This was a good signal for the return of capital to the UNI market. With this in mind, we would choose this coin for a potential upside trend as a strong one. However, no more than 30% of the price movement. The growth target is the range of $34-36.

P.S. Our global UNI idea:

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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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