UNFI is a DeFi coin with the goal of assisting businesses and traditional financial institutions in developing DeFi solutions. On their DeFi lending platform uLend, the UNFI token can be lent peer-to-peer.
Sesameseed, a DeFi staking platform, and its CEO Juliun Brabon invented the Unifi Protocol DAO. Sesameseed’s active online community has formed a decentralized autonomous organization (DAO) that votes on the project’s direction. On June 7th, they issued a press release announcing a ‘massive update’ to their ‘multichain architecture’ and DeFi ecosystem. In March 2021, the UNFI reached an all-time high of $44.4. UNFI achieved a 97 percent retrace low of $1.32 in May as a result of the LUNA and UST crashes. Let us review the UNFI price
UNFI Price Prediction
The UNFI price jumped 17 times from its June monthly low of $2.45. It reaches to the top of the wick at $41.8 because of the upgrade news. As a result of short liquidations it was the quick bounce back to near the UNFI all-time high. Despite the initial sell-off and drop back to roughly $7, the price of the Unifi Protocol DAO is still up 139 percent in June.
The price range between $9.02 and $6.5 is the decisive demand zone. In the case of a bullish rise, the primary resistance levels for UNFI are $9.02 and $12.20. If UNFI is able to break past the $9.02 price level, the $12.20 price level may be the next likely barrier to overcome. Low-cap cryptos pump faster than large-cap cryptos so they might be a good or bad investment. Pumping and dumping it is simple. For a bullish rally to continue, the support levels of $6.5 and $4.06 must hold.
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