Is Uniswap on a bullish reversal ahead of Ethereum Merge?
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Summary:Uniswap is the largest DEX with a $5.52 billion TVL.Uniswap token has been recovering in the last seven days.UNI has further potential after keeping k
  • Uniswap is the largest DEX with a TVL of 5.52 billion dollars.

  • The Uniswap dynamic password has been fixed for the past seven days.

  • UNI has further development potential when ensuring important support, and owns or buys in when adjusting.

Uniswap UNI/USD is a leading blockchain technology exchange in the industry, with a total locked in amount of 5.52 billion dollars. In TVL, $5.3 billion is locked in digital currency. Therefore, it is estimated that the merger of Ether may affect agreements such as Uniswap.

Uniswap has been improving in the last week before the estimated soft merger date of September 15. It is too early to infer that this profit is due to the merger. Throughout the market, most cryptocurrencies are rising. The profitability of UNI reflects the mentality of data encryption in a wider range, rather than merging itself.

The UNI was repaired from the support of USD 5.6, because the price indicates a bullish sign

Origin – TradeView

From the daily curve, UNI has carried out a bullish reversal after customers stopped short orders with US $5.6. The price has bounced back before retesting the support, and has recently crossed the 20 day daily average. Before the product price rose, several pilasters were formed at the support. The improvement verified the bullish trend.

MACD performance indicators also showed an upward trend, with a bullish cross. However, the MACD index value is still less than 0, which indicates that the bear market of UNI stock market is not over.

Summarise

Although the performance indicators of UNI are mixed, tokens show new advantages. This price has twice shouldered the bullish working pressure of US $5.6. It broke on each pin rod, and MA added support in 20 days. Market prices strengthened the bullish trend in a short time. When the price remains at the support of USD 5.6, the implicit adjustment is a buying opportunity.

Binance

Binance is one of the world's largest cryptocurrency exchanges. It is more suitable for more experienced investors, and provides many cryptocurrencies, more than 600. Binance is also famous for its low transaction fees and various trading options from which users can profit, such as:; Equivalence trading, margin trading and spot market.

Then use Binance to purchase UNI

KuCoin

Kucoin is a cryptocurrency exchange that provides more than 200 cryptocurrencies. Kucoin offers a wide range of services, such as:; Embedded point-to-point transaction, spot transaction and guarantee fund transaction, financial institution level security and its wide acceptance of payment methods. Users can benefit from novice friendly pages and lower costs.

Then use KuCoin to purchase UNI

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