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The UNI cryptocurrency is back in the spotlight after the UniSwap Foundation allocated $9 million in funding to lower transaction costs and increase the speed of transactions on its version 4 platform. This action can make the use of decentralized finance (DiFi) simpler for ordinary users and attract more capital to this project.
With this announcement, the price of UNI increased, and large traders on Binance are heavily focused on long positions; The data shows that more than 83% of large traders have a bullish view on the cryptocurrency. Such conditions can be the starting point of the next upward wave for UNI.
The price of UNI is currently in the range of $6.18 and an important support has formed between $5 and $5.5. If Uniswap can break through the resistance of $7-7.5, the next target will be around $10, and if trading volume increases and positive sentiment continues, it is possible to climb to the $12-14 range.
Captain Altcoin
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