Uniswap (UNI) price forecast after targeting the $10 level, can it reach $50? – Source: TradingView After rising hopes for the imminent arrival of Uniswap-UNI to $10, its price has just dropped to $9, roughly 10% from its highest levels in the previous session at $9.80, without any clear reason for this sudden reversal towards The currency of this decentralized trading platform.
However, UNI's decline during the day is in line with the large sell-off taking place in the crypto market, as the price of Bitcoin (BTC) has just dropped again below $67,000 after touching $72,000 earlier this week, and the prices of other major cryptocurrencies such as Ethereum (Ethereum-ETH), currently priced around $3,600, down from previous session highs near $4,000.
These declines may be the market's reaction to selling to take profits resulting from positive news this week such as expectations of SEC approval of Ethereum Spot ETFs and House approval of the FIT21 bill.
Source: cryptonaz.com