UNI price prediction

Uniswap replaces the old order book paradigm with an automated market maker (AMM) protocol, which allows for open market access.

Uniswap is a fully decentralized crypto exchange that works on the Ethereum blockchain and is the most popular DEX. Without going through a KYC process, anyone may swap any ERC token in a few clicks. Furthermore, it employs an automated liquidity protocol, which is a relatively novel trading paradigm.The team’s goal is to connect the financial markets to the decentralized finance (DeFi) ecosystem, which will lower the barrier to entrance.Holders of UNI tokens acquire the ability to vote on future platform enhancements and adjustments. Let us review the UNI price

UNI Price Prediction UNI Price

Bullish Scenario: If UNI manages to break above the resistance level at $13 then it would be slightly bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $15.86 and $19.28. Breaking above $28.21 price level with significant buying volume will lead to a good chance of making a new ATH and crossing above $45.

Bearish Scenario: UNI has been in a downtrend since the last few weeks. But If the current support level $9.53 doesn’t hold then it will hit $6.84, $4.51 and below sooner or later.

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