UniSwap forecast – price could soon rise more sharply!

In our last UniSwap forecast , we wrote that the price has broken out of the sideways phase and could soon drop another 50%. The price then continued to fall and has meanwhile been able to perform a low of $7.51. Thus, since the price broke out of the sideways phase, the price is down 40%. But how could things continue with the UniSwap course in the future? Will we make another lower low, or has the lowest low already been made and price could go higher from now on? We at CryptoTicker will explain to you today about the UniSwap course!

How far will UniSwap fall?

The UniSwap course has not yet reached the target of the sideways phase, which is why we are assuming an even deeper low. That low could see $5.69 going forward provided support holds. Should this support hold, we see the end of the sell-off there for the time being. Thus, after the price hits the support, the UniSwap price could rise again. If UniSwap fails to hold support, the price could drop another 50%. This would mean that the price will drop to around $3. We are not assuming this scenario for the time being. Instead, we anticipate future ascension.

Once UniSwap price reaches the $5.69 support, we anticipate the price to rally to the next resistance at $13.34. Since there is no resistance in between, in our view it is likely that the UniSwap price will perform a 130% price increase. Here, however, the price has one requirement: UniSwap must not break the $5.69 support. As mentioned earlier, if the price breaks the support, which we do not expect, the price could drop to the $3 support.

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