fxstreet.com 25 Jan, 2021 05:45 am

UNI DeFi darling explodes to new record high, breakout unstoppable to $15

Uniswap price went ballistic the entire weekend session, trading record high after record high. The leading decentralized finance (DeFi) token is stil

Similarly, UNI is trading above all the three applied moving averages, including the 50 SMA, 100 SMA, and 200 SMA.Support is envisaged at $10, the 50 SMA and the 100 SMA on the 4-hour chart.For instance, IntoTheBlock’s “Daily New Addresses” metric brings to light an improving network growth.An increasing network growth a big bullish sign for the token’s future.

Uniswap network growth Additionally, whales are still on a buying spree, as confirmed by Santiment’s holder distribution model.The least resistance path is upwards, according to the short-term analysis on the 4-hour chart.

Read full story at fxstreet.com