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When conducting price prediction, keep in mind that the cryptocurrency market is very volatile, making it challenging to accurately predict a coin's performance over the short term, let alone the long.
Moreover, before investing, always do your own research—look at the most recent market trends, news, technical and fundamental analysis, and expert opinion.
Following the collapse of cryptocurrency exchange FTX, Uniswap (UNI) fell alongside the rest of the crypto industry, reaching a low of $4.6 on November 9. It then retraced and formed a support level near the 23.6% Fib retracement before soaring to a high of $6.5 on November 15. Its price then fell into a downward trend after failing to close above the 50% level.
Bears are expected to continue dominating UNI, potentially pushing the price to a critical level of $5.4. This level may then see some bullish action as investors buy the dip. A break below this level will result in another drop to $4.6 as the new support.
Higher time frames show a bearish UNI too. The weekly, monthly, and 90-day charts for Uniswap (UNI) all show declines of 3.94%, 10.45%, and 16.91%, respectively.
Uniswap (UNI) was trading at $5.82 at the time of writing, up 0.53% in the last 24 hours. Industry experts predict that Uniswap (UNI) will trade at an average price of $9.86 in 2023 and reach $21 in 2025.
Decentraland's (MANA) market sentiment has been extremely negative in the recent past. Decentraland (MANA) has fallen by more than 50% in three months, 32% in the last month, and 16.82% in just seven days.
Decentraland (MANA) experienced a sharp drop after reaching a high of $0.7448 on November 5Read more on cryptonews.com