Here’s How Uniswap’s UNI Could Kick Off a Rally to $5.30

Uniswap’s UNI token has found itself caught within the throes of an incredibly intense consolidation phase throughout the past couple of days, which comes close on the heels of it experiencing an intense downtrend that led it towards lows of $3.60.

Although UNI is currently trading 10% above these recent lows, the token’s price is still in a precarious position, as it appears to be coiling up to make a big move in the near-term.

If bears regain control of BTC and the entire market, UNI could be struck hard and post notable losses.

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Currently, the Uniswap token’s post-launch lows sit around $1.00, but these were only tapped for a brief moment immediately after its launch.

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