UNI Technical Analysis: The Price Growth To $18 Is Quite Possible

The ill-health of the UNI cryptocurrency began much earlier than in other cryptocurrencies. If November 2021 was the beginning of the price fall wave, UNI began its correction in May. During this correction, investors experienced two fall waves. The first, which took place in May, was quite panic and powerful. In just one week, sellers were able to lower the price by 60%. However, in order to organize the next fall wave with the final result, 75% of sellers took almost 200 days. Nobody has seen aggressive sales on the UNI market for a long time. At the moment, the UNI price is falling at low volumes in the hope of finding a strong buyer. Starting from the end of February, buyers managed to stop the process of updating local lows and the reversal process began. The critical point, breaking which buyers will regain the initiative in the market is the mark of $11.7. In our opinion, the formation of consolidation in the range of $8-$11.7 will allow buyers to gain strength to storm the global liquidity level of $14.5. The importance of this level can be seen in the way buyers kept it from May 2021 to January 2022. However, organizing a foothold for a new growth wave in the range of $8-$11.7 breaking the $14.5 mark will be a matter of time. In this case, raising the UNI price to $18 – at the moment will be our main target. It does not make sense to plan higher growth targets yet, as the UNI price is still in a global downturn. Techn...