The UNI price has been on a steady downtrend for the past few weeks, but it looks like it’s about to see a significant drop. You can see from this chart that the market has been steadily decreasing over time, but you can also notice that there are periods where the market flirts with sideways action. Notably, during these periods of sideways action traders may find themselves feeling uncertain and indecisive in their choice to buy or sell. That very well-known pattern is known as the “Dead Cat Bounce”. The UNI retrace 50% of its preceding downtrend, and it looks like it is preparing to break downward. The volume spiked once the UNI started its current downward trend, which is a sign that the market is looking for a more significant drop than what we have seen in recent days.
Uniswap price prediction
The UNI price has made a few very important price movements over the past few days, which have led to many new traders in our community joining the project. We are expecting that the market will continue to decrease over time. The current trend is neutral, meaning no one is winning or losing control of the market. The current downtrend looks very similar to the downtrend we saw 2 months ago, which lead to no value gains for anyone. The market may appear stable at times, but certain patterns can be detected that indicate what will happen next in the UNI value chart. One such pattern that tends to occur during these periods of sideways action is known as “A Dead Cat Bounce”. If you have seen the pattern before then you will know it when you see it.
#Uniswap [#UNI] goes soul-searching, thanks to these warning signs https://t.co/JOfwwddFhq
— AMBCrypto (@CryptoAmb) August 6, 2022
If the market continues to decline, traders will likely be itching to sell their UNI tokens. The markets are very unpredictable and anything can happen at any time; this could easily lead to an even greater price drop than what we have seen in recent days. We believe that the market may reach $0.01USD before any significant upward movement starts. If this happens then we will most likely see further price decrease until it reaches 10-20% of its previous value; this may take a few weeks or months.
 What is the UNI coin?
UNI is an off-chain interoperability network that allows your computer to freely access the blockchain and make transactions. Each computer will be able to request services/information from other computers in the network. This has the potential to open up whole new industries to this technology because computers can freely communicate with each other without a central server. The network encourages its use by providing rewards in the form of UNI coins. This is similar to how miners earn Bitcoin rewards from the Bitcoin blockchain. The blockchain is required for transactions to be validated and stored, but you don’t need the blockchain for communication.
What You Should Do When You See a Bullish Swing in UNI?
A recent trend reversal may be an indication that the market is preparing to gain more value in the coming weeks. We would advise you to avoid panic selling, as this will only lead to further losses for yourself. We would advise you to look for altcoins that are experiencing a similar bull run and pick up some of these at a cheaper price; this may lead to some long-term gains in the future. We believe that there will be another drop in UNI value before any significant upward movement starts; we would advise you not to sell any of your tokens before it happens. We believe that this price drop is inevitable and that it will occur within the next few months. In the meantime, the market will likely continue to experience sideways action, which will make many traders feel anxious because they may not know what to do.
