{"id":439435,"date":"2020-09-23T12:57:43","date_gmt":"2020-09-23T12:57:43","guid":{"rendered":"https:\/\/wncen.com\/?p=439435"},"modified":"2020-09-23T12:57:43","modified_gmt":"2020-09-23T12:57:43","slug":"uni-shows-signs-of-rebound-after-crashing-57-whats-ahead","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/uni-shows-signs-of-rebound-after-crashing-57-whats-ahead\/","title":{"rendered":"UNI Shows Signs of Rebound After Crashing 57%; What’s Ahead?"},"content":{"rendered":"
UNI logged a strong reversal in the running week after crashing by 57 percent in just four days of trading earlier this month.<\/p>\n
The UniSwap’s governance token was trading about 30 percent higher from its session low at $3.68. Traders came back to raise their bids for the crypto as its rivals in the decentralized finance space continue to face a market-wide bearish pressure.<\/p>\n
So it appears, UNI was among the only DeFi tokens that surged by a double-digit percentage on a 24-hour adjusted timeframe, according to data fetched by Messari.<\/p>\n
Chart analyzer Micha\u00ebl van de Poppe anticipated a “slight trend shift” following the latest UNI rebound. The Netherlands-based analyst added that the token needs to hold $3.75-3.90 as support to ensure an extended upside.<\/p>\n
“If so, a higher low is constructed and the price of <\/span>UNI<\/span> can continue moving upwards,” he said.<\/span><\/p><\/blockquote>\n