  Analysis of #Uniswap (#UNI) Movement
2024-11-03

🔍  Analysis of #Uniswap (#UNI) Movement

Currently, #Uniswap is trading near a strong support level at $6.327. This level could be a starting point for a bounce if the price manages to hold above it.

Possible Scenarios:

Bullish Scenario: If UNI manages to break out of the falling pattern (wedge) and starts rising, we could see prices move toward higher targets at $11.356, $14.601, and even $17.883.

Bearish Scenario: If the price fails to hold above the current support, there could be more downside, potentially offering buying opportunities at lower prices.