UNISWAP ABOUT TO LAUNCH ITS OWN NFT MARKET
Wide market recovery has led to the rise of many altcoins. However, Uniswap had its own reason for the trend arising from its network growth and usage cases.
The DeFi platform is now more than just a Decentralized Exchange (DEX).
Uniswap Replaces NFT
Announcing the addition of the NFT market place to the network, Uniswap made its investors very happy, noting that the price of the token was collecting too much.
At the time of writing, UNI was trading at $ 4.94 for the possibility of a significant increase in price indicators.
Parabolic SAR was the first to show rising prices as the index changed its position and changed under candles.
Although it is the second increase this month, the first one did not do much for you, so it cannot be said that this one can succeed in bringing about many changes.
Second, the MACD indicator also supports the meeting as the bullish crossover occurs on the charts. Violence seems to be growing because of the appearance of green bars.
So this support could be helpful in making all 32.23% UNI losses seen throughout this month.
While altcoins dominated the market, the king’s coin Bitcoin looked at, marking the slightest growth on the charts today. Trading at $ 20.8k still, BTC has been coming in and out of the $ 21k area.
With the bias it depends on, it becomes increasingly difficult for the king's coin to not work for the June crash of almost 40%.
There are no strong indications of an uptrend rise as the Relative Strength Index (RSI) is still below the 50.0 neutral range.
In addition, the Bolling Bands, while highlighting the high volatility due to the split bands, point where it goes down.
This is because the index bias still acts as a resistance and is far from $ 35k at the time. Simply put, if BTC wants a stable circle, it may have to start at $ 21k and close above $ 25k.