<em><strong>Uniswap and PancakeSwap prices have been hammered. UNI may slump to $22 while CAKE could drop to $15 in confirmation of November 16 losses.</strong></em>
<h2>Uniswap (UNI)</h2>
The platform is the largest DEX globally, using UNI for governance.
<h3>Past Performance of UNI</h3>
After periods of sideways movements, the UNI crypto price goes for a decline on November 16.

The results are <a href="https://www.cryptoknowmics.com/news/uniswap-uni-and-pancakeswap-cake-technical-analysis-will-buyers-take-control/">deep losses</a> towards the critical support as price action shifts in the direction of bears.
<h3>Day-Ahead and What to Expect</h3>
Considering the losses of November 16, which saw UNI token prices break below a primary support line at $22, sellers appear to be in control.

As a result, every high may be an unloading point with immediate targets at $17. This level flashes with September 2021 lows.

Further losses below this mark may see UNI/USDT crash to $15—Q3 2021 low.
<h3>Uniswap Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/11/Uniswap-Daily-Price-Chart-for-November-17.png"><img class="alignnone size-full wp-image-220798" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/11/Uniswap-Daily-Price-Chart-for-November-17.png" alt="Uniswap Daily Price Chart for November 17" width="1366" height="768" /></a>

From the daily chart, UNI technical analysis prints to favor sellers in a high-volume breakout pattern.

Accordingly, traders may swing the break below, aiming at $15 in a bear trend continuation pattern.

Already, the odds of this panning out remain high because of increasing momentum due to UNI coin prices banding with the lower BB.
<h2>PancakeSwap (CAKE)</h2>
The largest DEX in the Binance Smart Chain (BSC) relies on CAKE for governance.
<h3>Past Performance of CAKE</h3>
The PancakeSwap token is <a href="https://www.cryptoknowmics.com/news/cake-technical-analysis-price-remains-trapped-under-consolidation-range/">sliding</a>, drifting lower like the other crypto assets.

From the daily chart, the CAKE crypto is under pressure, under-performing the greenback.

As from the CAKE technical analysis, the token is on the brink of closing below critical support.
<h3>Day-Ahead and What to Expect</h3>
Reading from the CAKE coin candlestick arrangement and performance on the daily chart, CAKE/USDT has strong support at $17.

However, sellers are in control. A close below $17 may see the coin tank to $15—and worse in the medium term.

An unexpected surge above $19 and $20 — critical resistances in November — may see the coin print higher.
<h3>PancakeSwap Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/11/PancakeSwap-Daily-Price-Chart-for-November-17.png"><img class="alignnone size-full wp-image-220796" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/11/PancakeSwap-Daily-Price-Chart-for-November-17.png" alt="PancakeSwap Daily Price Chart for November 17" width="1366" height="768" /></a>

The CAKE token price is under immense pressure as volatility picks up. Technical candlestick arrangement favors sellers as long as prices trend below $20.

On the other hand, the primary support is the multi-week resilient level at $15. Combined, this forms a descending wedge.

If bears close below $15 with high trading volumes, CAKE/USDT may drop to Q3 2021 lows of around $10.

Uniswap (UNI) and PancakeSwap (CAKE) Technical Analysis: Bulls Floored

Uniswap and PancakeSwap prices have been hammered. UNI may slump to $22 while CAKE could drop to $15 in confirmation of November 16 losses.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Uniswap (UNI) and PancakeSwap (CAKE) Technical Analysis: Bulls Floored

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