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.
<h2>Technical Analysis Of UNI On The Daily Timeframe</h2>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/7/7tdaZYCn.png" alt="UNI" width="1386" height="790" />

<a href="https://www.tradingview.com/x/7tdaZYCn/" target="_blank" rel="nofollow noopener">https://www.tradingview.com/x/7tdaZYCn/</a>

Analyzing the movement of the UNI price on the daily timeframe, we can see that the theory of a set of positions in the range of $8-$11.7 has a right to life. Notice how trading on the daily timeframe began to increase, after the UNI price test on January $22 at $11. We see that on high volumes the UNI price is not particularly volatile. This range of price is interesting for market participants to set positions.

An alternative scenario in the <a href="https://www.cryptoknowmics.com/news/uniswap-uni-recovers-will-8-hold-as-support/">UNI</a> market - a continued decline to the final target of $6 is possible in the event of a collapse of Bitcoin. In this case, you should be prepared to buy UNI at this price to get a good long-term investment with an average price of about $7-$8. But, even in this scenario, we expect the growth wave with a minimum strategic target of $14.5.
<h2>The UNIBTC Price Continues To Intrigue</h2>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/2/2AiuvQzj.png" alt="UNI" width="1386" height="790" />

<a href="https://www.tradingview.com/x/2AiuvQzj/" target="_blank" rel="nofollow noopener">https://www.tradingview.com/x/2AiuvQzj/</a>

Everything is stable in the UNIBTC market, which is not entirely good for the hypothesis of the beginning of a new growth wave. The UNIBTC price is humbly moving in a rather narrow fall channel and has reached its bottom trend line. In the case of a test by buyers with a mark of 0.00026, the chance of the beginning of the reversal will significantly increase. In this case, our main scenario will be an increase of the UNIBTC price to 0.00033. However, in this scenario, the main principle is to keep the mark of 0.000218. In case of buyers' weakness in this mark, the UNIBTC price will continue the fall of the channel with the final target of 0,00018.

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

An alternative scenario in the UNI market - a continued decline to the final target of $6 is possible in the event of a collapse of Bitcoin.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

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

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