Uniswap Price Analysis: Is it time to fade the bounce?
The Uniswap price bounced 30% after tagging our $13 price target, which could provide an attractive selling opportunity. Uniswap (UNI) dropped almost 40% in three days after we warned that downside pressure could force the price from $20 down to $13. The sharp decline came as Bitcoin succumbed to heavy selling after losing the $51,500 support level early Saturday. BTC’s flash-crash to $42k liquidated $2 billion of leveraged long positions, triggering a wave of selling in altcoins. As a result, […]
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