Author Topic: Uniswap’s UNI Could Be Overextended as Analysts Eye a Sharp Retrace (Read 2122 times)

sneakyboi · « **on:** November 13, 2020, 09:24:32 AM »

Uniswap’s UNI Could Be Overextended as Analysts Eye a Sharp Retrace

Uniswap’s UNI governance token has been trading in close tandem with the rest of the blue-chip DeFi assets throughout the past few days.

Although this has generally boded well for UNI, it has faced some pressure today due to a downturn across all DeFi assets. This decline has largely come about due to Bitcoin ripping higher, sucking the oxygen out of the room.

Investors are now cycling their recent DeFi profits back into Bitcoin, and these smaller tokens may continue facing pressure on their price until BTC can stabilize.

Learn more about the news here.

Altcoins Talks - Cryptocurrency Forum · « **on:** November 13, 2020, 09:24:32 AM »

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hair · « **Reply #1 on:** November 16, 2020, 12:06:34 PM »

will the slump in DeFi coins last long? I couldn't imagine coins that had such a small pool on Uniswap would be worthless

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Author Topic: Uniswap’s UNI Could Be Overextended as Analysts Eye a Sharp Retrace (Read 2122 times)

sneakyboi

Uniswap’s UNI Could Be Overextended as Analysts Eye a Sharp Retrace

Altcoins Talks - Cryptocurrency Forum

Uniswap’s UNI Could Be Overextended as Analysts Eye a Sharp Retrace

hair

Re: Uniswap’s UNI Could Be Overextended as Analysts Eye a Sharp Retrace