Uniswap has beautifully broken out of a downtrend that started in December. Uniswap was stuck in a downtrend from around 6 months. The entire crypto market took a hit and that’s why it’s crucial for price to stay above the downtrend line. If price goes back below the trend line then this could be considered a fake out. If price manages to successfully retest this trend line then the first target would be 10 USD for Uniswap.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.