While the market is slowly recovering from yesterday's correction — I want to tell you about the best decentralized exchange Uniswap 🦄, and analyze its native token #UNI!
I'll start with a few words about the project itself: #UNI is a top decentralized protocol and the largest 🐋 DEX exchange built on the Ethereum blockchain. With Uniswap, people can exchange Ethereum for the coins they need. In fact, the project is one of the strongest in the current market and has established itself as a leader among DeFi assets 🔝
I'll tell you what, Dark Lord has been using UniSwap to exchange and buy cryptocurrencies for over 2 years now and in that time he has never encountered any problems.
👨🏻💻 Let's proceed to the chart analysis: after the strongest growth the asset started corrective movement, during which it reached the key support zone in the form of 1D POI ($11,217-$12,725). At this point, I can confidently declare the breaking of the downtrend and the beginning of a new wave of growth 📈. Given the fact that there is a lot of liquidity at the top, my main target is the local high at $19.470, and if we talk about the shorter term, I would like to see a full overlap of the 1D imbalance ($14.820) in the near future ✔️— Overall, I highly recommend taking a closer look at the #UNI token, as its upside potential is more than 60%.
