The new wave of UNI growth, which began on January 21, gave investors + 200%. The extremely strong growth trend did not stop at rest, even in consolidation.
As you can see in the chart, the price moves in a clear growth channel, which on a larger timeframe looks like an impulse.
Global buyer support is in the range of $15-15.6. This range slowed the wild growth of Uniswap for almost 3 days.
The local point of reference for buyers is $17.7. Buyers managed to break this level and confidently keep it.
Our main scenario is continued growth with a goal of $ 23.5. We wrote about this goal in our global idea: Given the strong growth trend, we assume that the process of reversing the price will take some time. As long as the UNI price is above $15-15.6, buyers have the initiative and can continue to push the price up.
Let's see if the UNIUSDT market will be affected by the possible continuation of the BTC correction. _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!