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✨ Market analytics for UNI & COMP tokens✨
Day 3 of the battle
🦖Analysis for COMP
🔮The price of Compound's COMP token was unable to continue its upward trend and pass the resistance level at $104.05. Under pressure from sellers, the COMP price has broken through the lower border of the ascending channel. Support can be noted at the level of $102.00. The price exit from the ascending channel gives reason to consider the beginning of a corrective scenario, in the short term. If the price manages to pass and gain a foothold below the $102.00 level, we should expect a decline to the $98.25-$100.00 range. If buyers seize the initiative, a return to the previous ascending channel and continued growth with the potential to test the $106.00-$107.50 zone is possible.
🦄 Analysis for UNI
🔮The price of the Uniswap's UNI token continues to trade in a short-term upward channel, which is a trend correction on the higher time frame, within the range of $2.975-$3.050. Strong resistance is in the $3.050-$3.100 zone, where the upper border of the medium-term descending channel passes. The support level is $2.975. In case of growth, it is worth waiting for the $3.100 resistance test — the breakdown of which may lead to a UNI price movement to the $3.17-$3.20 zone. In case of increased selling activity, the $2.975 level and a correction to the support zone of $2.875-$2.925 may be broken, with the potential to go below and test the$2.80 level.
Day 3 of the battle
🦖Analysis for COMP
🔮The price of Compound's COMP token was unable to continue its upward trend and pass the resistance level at $104.05. Under pressure from sellers, the COMP price has broken through the lower border of the ascending channel. Support can be noted at the level of $102.00. The price exit from the ascending channel gives reason to consider the beginning of a corrective scenario, in the short term. If the price manages to pass and gain a foothold below the $102.00 level, we should expect a decline to the $98.25-$100.00 range. If buyers seize the initiative, a return to the previous ascending channel and continued growth with the potential to test the $106.00-$107.50 zone is possible.
🦄 Analysis for UNI
🔮The price of the Uniswap's UNI token continues to trade in a short-term upward channel, which is a trend correction on the higher time frame, within the range of $2.975-$3.050. Strong resistance is in the $3.050-$3.100 zone, where the upper border of the medium-term descending channel passes. The support level is $2.975. In case of growth, it is worth waiting for the $3.100 resistance test — the breakdown of which may lead to a UNI price movement to the $3.17-$3.20 zone. In case of increased selling activity, the $2.975 level and a correction to the support zone of $2.875-$2.925 may be broken, with the potential to go below and test the$2.80 level.