#UNI Is Currently Testing A Multi-Year Descending Channel Support That Has Held Since 2022, A Rare, High-Timeframe, Cycle-Level Structure.
The Last Time This Setup Formed, UNI Delivered:
2020: +2,400% (24x From Oct 2020 Lows)
2023 : +400% (4x Rally From Support)
2026: +1,500% (15x Potential)?
Current Technical Structure:
✅ Multi-Year Descending Channel Support Holding
✅ Breakdown Strong Support $6 & Now Trading Below Support Zone
✅ Holding The $2.80 Strong Demand Zone (Accumulation zone)
✅ Major Macro Support At $2.80, Invalidated Below
✅ Brutal -93.68% Correction From ATH, Maximum Pain Zone/Discount Zone
CryptoPatel Targets: If This Structure Holds: $14/$26/$45
Why Expect 3x–8x From Here? The Current Positioning Suggests Smart Money Accumulation At HTF Support With Asymmetric Upside If Structure Flips. The Longer The Base, The Higher The Space.
Based On The Current Cycle, A Move Toward $45 Or Even Higher Could Be On The Cards, Especially With DeFi Narrative Gaining Momentum And Uniswap V4 Development.
Disclaimer: This Is A TA, NFA. Markets Are Probabilistic, Not Guaranteed. Always Manage Risk And Do Your Own Research.
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
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Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
