hen it could approach the VP
The Uniswap had a great start in January 2024 and flew more than 200%, from $5.50 to $17.00 By March 6th, 2024. But the gains were unstable and fell to form a support at a high volume level VP at $11.08. After sustaining the level for a while above VP $10.25, the UNI price gave a breakdown of a bearish flag pattern in correlation with the BTC dip on April 9th, 2024.
The UNI price fell and formed support at $6.86 by April 13th, consolidated for some days, and then gave a breakout from a descending triangle pattern up to $11.85, where the resistance built by VP posed a threat again near $11.08. Thereon, the price did best to sustain, but by June 21st, the price gave a breakdown of ascending channel and reached $6.85 by July 5th.
At press time, the BTC is trying to sustain itself, and so does UNI. Over a clearer look at the chart, a liquidity grab has been developed on the chart. The current price traded at $7.911 with an intraday gain of 1.61%.
If the price rises, then it could approach the VP by surpassing $9.0 and could reach $11.0. On the contrary, if the price slips $6.86, it could deteriorate further.
The UNI price fell and formed support at $6.86 by April 13th, consolidated for some days, and then gave a breakout from a descending triangle pattern up to $11.85, where the resistance built by VP posed a threat again near $11.08. Thereon, the price did best to sustain, but by June 21st, the price gave a breakdown of ascending channel and reached $6.85 by July 5th.
At press time, the BTC is trying to sustain itself, and so does UNI. Over a clearer look at the chart, a liquidity grab has been developed on the chart. The current price traded at $7.911 with an intraday gain of 1.61%.
If the price rises, then it could approach the VP by surpassing $9.0 and could reach $11.0. On the contrary, if the price slips $6.86, it could deteriorate further.
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