The recurrent interest rate hikes by the US Federal Reserve have led to huge declines in the cryptocurrency market. One of the affected tokens is Uniswap (UNI) which has experienced a significant downturn over the past week. However, amidst this turbulent period, Tradecurve’s token stands out with an impressive 20% price jump, displaying a bullish trend.
- Uniswap (UNI) has been on a bearish trendline over the last few weeks, with its price dropping to $4.42
- UNI is currently testing the $4.45 resistance and the launch of Uniswap v4 could help the token break above this level.
- In contrast, Tradecurve (TCRV) has defied the bearish market sentiment to gain 20% and set a new high at $0.018
UniSwap Price Analysis
Uniswap price analysis indicates a bearish movement. Today’s market activity reveals the resurgence of bearish sentiment, leading to a decline in the price once again. After a week dominated by bullish activity, the market has shifted, and a downward movement has taken over. Uniswap currently has resistance at $4.66 and support at $4.21. At the time of writing, Uniswap’s price stands at $4.42. Over the past 24 hours, Uniswap has experienced a 1.09% decrease.
The SMA 20 curve also demonstrates a downward trend following the sudden drop in price, with the moving average value currently positioned above the price at $4.448. Notably, bears have been gaining strength since June 17th, 2023, signaling a shift in the price pattern toward a downward trajectory. However, it is worth mentioning that the upcoming Uniswap V4 upgrade holds the potential for a bullish rally in the long term.
Uniswap V4 represents a significant upgrade to the popular decentralized exchange (DEX). The upgrade introduces several new features, including hooks that allow developers to customize the protocol. Additionally, the move towards a more open-source approach makes Uniswap more transparent and accountable.
Tradecurve (TCRV) Gains Up To 20%
Although bears have resurfaced in the Uniswap market, the opposite is the case for Tradecurve’s utility token, TCRV. The token has seen a bullish performance, with a surge of 20% increase in just one week, reaching a new high at $0.018. Investors are currently bullish on the token shown by their increased demand in the presale stage.
The market rally of TCRV can be connected to the increasing number of traders moving to the Tradecurve hybrid exchange. Tradecurve stands out from centralized exchanges (CEXs) like KuCoin and OKX with its low trading fees, and a strong emphasis on security, user privacy, and decentralization, empowering investors with full control over their assets and private keys.
In addition, Tradecurve allows traders to execute trades without following strict Know Your Customer (KYC) checks.
These features on Tradecurve enhance privacy and offer a convenient and streamlined trading experience, leading to more traders picking the platform over traditional CEXs. Additionally, Tradecurve users have the advantage of trading anonymously while accessing a wide range of assets, including cryptocurrencies, bonds, options, forex, and commodities.
Meanwhile, market experts hold a bullish outlook on Tradecurve and predict a potential 100x price surge following its launch, reaching a high of $1.5 before the end of 2023.
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