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🔷️ The #UNISWAP token $UNI has reached a strong support zone on the weekly timeframe. In the past, price has reacted from this level multiple times, leading to notable upward movements. A similar scenario could develop again, depending on how price behaves around this area. According to Fibonacci analysis, the potential resistance zones are marked by the yellow lines.
🔎 What is $Uniswap ?
Uniswap is a decentralized exchange (DEX) built on the $Ethereum network. It operates using an Automated Market Maker (AMM) model, allowing users to swap tokens without intermediaries. #UNI is the protocol’s governance token, granting holders voting rights on ecosystem decisions.
⚠️ This is not investment advice.
#UNI #Uniswap #DeFi #Crypto