IS IT THE END OF $UNI ? 🦄 👇

Due to the recent SEC's attack, UNI is now surrounded by uncertainty and its price is suffering. In fact, since march 24th, the price already dropped by 48.9% (from $17 to 8.73). Uniswap's value is derived from its utility within its ecosystem, as well as market demand and investor sentiment. However, these regulatory challenges and legal proceedings are causing mass panic among investors and that's causing high volatility. Until we won't have any good news regarding the successful resolution of legal challenges, I see UNI's price heading to S3 and even to S2. The S2 (6.68 to 7.05) is the stronger monthly support so far and that's where I may evaluate to go long.

Remember, in order to avoid such situations, it is important to diversify your portfolio and carefully manage your profile risk by implementing solid hedging strategies! 💪

DYOR 🙏

#UniswapUpdate #cryptoalerts #SECCrypto #BreakingNews #AltcoinAlert