logo |

Forum

    Your location: Home >  Forum  >  Market analysis  >  Content details
    Philippines
    Market analysis Uniswap Price Analysis:

    Related product:Forex
    Market analysis:Uniswap Price Analysis: UNI eyes $35 hurdle after becoming first DeFi token to reach top 10 list.
    Uniswap's UNI token is the first DeFi token to enter the list of top 10 cryptos by market cap.
    UNI crosses XRP, LTC with the market cap surging above $17.50 billion
    Two-week-old rising trend line offers immediate hurdle to the north.
    Uniswap’s UNI crosses the headline cryptocurrencies, per market cap, while being the first DeFi token to enter the list of top 10 during Monday. In doing so, the UNI picks up bids above $34.00 during early Monday.
    With the market capitalization of $17.52 billion currently, Uniswap’s UNI not only rises past Litecoin’s (LTC) size of $13.0 billion but also jumps above Ripple’s (XRP) market worth of $17.19 billion and acquire the seventh stage.
    The fundamental push helps the UNI/USD to gain traction towards an ascending trend line from February 20, currently around $35.00.
    However, any further upside, which is less doubtful, may not hesitate to attack the $40.00 threshold.
    Alternatively, a 21-day SMA level of $25.77 and an ascending support line from January 22, currently around $22.80, could test the UNI/USD bears.
    Overall, the UNI/USD is up for a fresh run-up and the bulls shouldn’t ignore the fundamental news.

    Write your question...
    Please sign in first Sign up/in to comment
    0 Comments

    There is no comment yet. Make the first one.

    Rey
    Trader

    Successfully published

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.