Uniswap and UNI price under "SEC pressure"
Updated
💥Yesterday, the SEC announced "another victim of regulation" and sued Uniswap.
Today Uniswap commented on the event and in short, they are ready to fight. And no matter how much the SEC looks for "securities," the reality is that tokens traded on secondary markets like Uniswap are not investment contracts, but just digital files.
How do you like these statements from both sides?
Holders of
UNI got scared and started selling sharply, which caused a 20% drop in the price of #UNIUSDT.
😱But the most interesting is yet to come: large investors, owners, creators, and everyone else interested in #Uniswap need to keep the price in the $6.50-7.80 range
🙅♂️ $6.50 is a critical level for the #UNIUSD price, and fixing the price below this level will break the wave structure.
_____________________
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Today Uniswap commented on the event and in short, they are ready to fight. And no matter how much the SEC looks for "securities," the reality is that tokens traded on secondary markets like Uniswap are not investment contracts, but just digital files.
How do you like these statements from both sides?
Holders of
UNI got scared and started selling sharply, which caused a 20% drop in the price of #UNIUSDT.😱But the most interesting is yet to come: large investors, owners, creators, and everyone else interested in #Uniswap need to keep the price in the $6.50-7.80 range
🙅♂️ $6.50 is a critical level for the #UNIUSD price, and fixing the price below this level will break the wave structure.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Note
The happy ending will be if UNI buyers show their strength and keep the price in the $6.50-7.80 zone.After that, you can start dreaming about the #UNIUSDT price rising to $26-31
✍️And now let's have a constructive discussion in the comments👇
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