
The market is starting to pull itself together, and uniswap is among those that have shown high growth potential. After a long downward trend, there are now positive signs on the chart that can cause a strong upward movement. 😍
In the daily timeframe, uni is forming a two-floor upward pattern that usually indicates a change in trend and the onset of a upward movement. If this pattern is completed and the price remains above the 5.75 level, there is a high chance of a 15% jump to The 7.15 range. 🥲
But if it can break that resistance as well and stabilize above it, it could make another move and grow to 8.25. 😝
Currently, uni is trading around 6.21 and has grown about 4% in the last 24 hours. But trading volumes are down 25 percent from the previous day, suggesting that the heavy bulk of purchases we expect has not yet arrived. 😒
The data shows that traders opened a large volume of long and short positions on 5.88 and 6.33. But interestingly, the size of the longs is much higher, which means that the market's sense of the ion is still positive, and many expect a strong growth. 😎