Will Grayscale's call trigger a 36% backlash from UNI?

Uniswap (UNI) has been performing strongly recently, with the price increasing by 4.16% in 24 hours to reach $7.47, and trading volume also increasing by 22.13%, indicating its potential as an investment option.

Technical indicators are bullish

UNI recently broke out of an ascending triangle pattern, indicating that the market is accumulating. The breakout sent prices up more than 10%, although gains are currently holding steady at around 4%. External factors could push the price to $10 in Q4 2024, implying a possible 36% upside.

On-chain indicators are positive

Uniswap has seen a significant increase in monthly layer 2 (L2) transaction volume, almost tripling, showing an uptick in user activity. Additionally, the upcoming v4 update introduces new features, further stimulating market interest.

Grayscale support

Grayscale recently added UNI to its list of cryptocurrencies expected to perform well, which has bolstered market confidence in UNI. The list also includes other promising assets, indicating that UNI is on the radar.

Uniswap's recent trend and future prospects look quite optimistic, which may push UNI further upward#HMSTR开盘 #美国二季度核心PCE符合预期 #美国8月核心PCE创4月以来新高