Of the leading Altcoins Uniswap (UNI) is trying to recover after a harsh decline at the beginning of the moon. However, a large investor selling a high amount of UNI Coin creates pressure on the price. Recent developments in the market show that Altcoin can enter a much more powerful downward trend.
Sale of 40 million dollars of FLIN COIN shook Altcoin
According to Blockchain -based process audience Lookonchain, the big investment company Galaxy Digital600 thousand uni coin’i Binance transferred. The value of this transfer was calculated as $ 4.37 million.
However, the real worrying development Galaxy Digital’s a total of 5.29 million UNI Coins in the last week Binance And OKX to send it to the stock markets. The total value of these transfers, which was evaluated for sales purposes, reached 40.60 million dollars. Large sales in the market usually attract prices down. Your sales in question Flouris expected to have a similar effect.
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Investors closely follow the Galaxy Digital’s UNI sales. If these sales will continue altcoinThe downward pressure on the price of the price is expected to increase further.
UNI Technical Analysis: Where can the price go?
UNI is currently traded below critical $ 8. Technical indicators show that the price is weak and the fall trend. If the UNI cannot exceed $ 8, it may lose 25 percent and decrease to $ 5.50.
In the daily graph, Altcoin Stronger, which is traded below the 200 -day exponential moving average (EMA) level bear market gives signals. For those who do not know, this technique is often used to understand whether the existence is in the rise or a fall trend.
In addition, Galaxy Digital’s ongoing sales can increase the sales pressure on Altcoin. If investors believe that this trend will continue Uni coin The price may fall even more.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
