Uniswap token escapes consolidation zone with a chance to ride up to $8.0

Uniswap token escapes consolidation zone with a chance to ride up to $8.0
фото показано с : coinjournal.net

2022-7-15 20:49

Uniswap’s token has gained by 12% in 24 hours

The protocol’s liquidity providers faced a phishing attack on Monday

Uniswap has now escaped the consolidation zone and eyes higher levels

Uniswap’s UNI/USD has risen by 12 % in the last 24 hours, according to CoinMarketCap. The gains come amid slight recoveries in crypto after inflation data stoked markets. We believe Uniswap has a long way to recover. However, the latest gains will be sustained in the next few days.

The gains in Uniswap come amid a suspected phishing attack on its v3 protocol liquidity providers. The attack, which occurred on Monday, led to the loss of around $4.7 million ETH tokens. ERC20 tokens and NFTs were also stolen in the sophisticated attack. Uniswap crashed by almost 10% following the attack. Uniswap’s development team clarified that the phishing attack was not caused by an error in the protocol.

Uniswap starts an uptrend after escaping a consolidation zone

Source – TradingView

Uniswap’s token bottomed at $4.7. The price crashed below it temporarily but recovered. The latest gains push the price above the bottom level, raising a bullish case for the token. MACD indicators are bullish too. The MACD line crossed above the moving average, indicating a bullish trend. The 14-day and 21-day moving averages have joined a support for the Uniswap token. We believe the cryptocurrency offers opportunities in the short and long term.

In the short term, the Uniswap token has an established resistance at $8.0. Investors should consider holding up to the level. However, the token could face a minor correction at $6.1. Investors can buy at the 14-day or $21-day moving averages. In the long-term, investors should hold Uniswap to lock value at the bottom price.

Summary

Uniswap’s token is starting a bullish rally after overcoming a consolidation level. The cryptocurrency will continue rising but may face resistance at $8.0. Investors can hold in the short term to the resistance or long-term.

The post Uniswap token escapes consolidation zone with a chance to ride up to $8.0 appeared first on CoinJournal.

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Uniswap (UNI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $6.3433
Капитализация $0 Rank 99999
Цена в час новости $ 7.114 (-100%)

uniswap token ride chance consolidation escapes zone

Источник: coinjournal.net

uniswap token → Результатов: 126


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