Uniswap’s UNI Could Rally to $4.75 Despite Ongoing Selloff; Here’s Why

[Dociko]

Unsiwap’s governance token UNI has been attempting to form the lower-$4.00 region as a strong base of support throughout the past few days and weeks, with buyers and sellers largely reaching an impasse as it hovers just above this level.

The cryptocurrency has taken a hit due to the recent Bitcoin selloff, which came about because of news regarding the CFTC’s decision to place an assortment of charges on BitMEX.

Despite BitMEX not serving U.S. customers and being located internationally, the news still spooked investors, and sent shockwaves throughout the entire market.
Details: https://www.newsbtc.com/2020/10/01/uniswaps-uni-takes-aim-at-4-75-as-bulls-reclaim-key-support-level/