Uniswap (UNI) 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Uniswap (UNI) UPDATE:-UNI was also in the red to start the week, as the token moved closer to a multi-month low.
On Monday, UNI/USD found itself trading below a support point of $5.50, with prices falling to as low as $5.42.
this is the lowest level UNI has hit since July, however, in this instance, the bottom occurred on July 11.
Looking at the chart, the sell-off led to the RSI hitting a floor of 36.15, with bears using this as a signal to secure previous gains.
Currently, UNI is trading higher, with prices close to climbing above the aforementioned support point of $5.50.
Should this happen, bullish sentiment will likely begin to return, with traders likely looking to push the token above $6.00.
Sorry for my English it is not my native language.
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