UNI Returns to Crucial Ascending Channel Support
The Uniswap (UNI) price has been increasing since it broke out of a descending channel on Nov 5. The price is currently trading inside an important support area which will be crucial in maintaining the current upward trend.
The UNI price had been trading inside a descending parallel channel since Sept 20. On Nov 5, the price reached a low of $1.75 and began an upward move, breaking out from the channel the next day.
Since then, the price has reached a local high of $4.25.
The closest major resistance area is found at $5.50.
Learn more about the news here. (https://beincrypto.com/uni-returns-to-crucial-ascending-channel-support/)