Uniswap bulls have eyes on $32, but first, they must successfully break free from the shackles of the descending parallel channel.
Polkadot bounces from the demand zone at $25 for the third time in September, targets $30 in the near term.
A bearish cloud keeps hovering over the cryptocurrency space; besides, declines have become a norm this September. However, it seems bulls will taking over from the bears mid-through this week. Some semblance of green is getting back to the market, led by Bitcoin, Binance Coin, and Solana.
Uniswap:-
Uniswap is making headway above the 100-day Simple Moving Average (SMA) following the most recent rejection at $26. The 50-day SMA added weight to the resistance experience earlier in the week in addition to the descending channel’s upper boundary.
The trend is mainly in the bulls’ hands, with UNI trading at slightly above $24. A break above the channel will most likely boost the price toward $28 ahead of another spike targeting the supply zone in re
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