Cryptocurrency 10 minutes ago (Jul 17, 2022 04:00PM ET)
Uniswap price risks 45% crash by September despite Robinhood listing
The latest (UNI) chart pattern suggests that investors should be prepared for a correction after gaining nearly 20% over the past week.
UNI’s price has been trending upward since mid-June inside what appears to be a “rising wedge,” which traditional analysts view as a bearish reversal pattern due to its history of luring bulls into buying fake-out bounces.
