UNI in near term distribution; market fundamentals look strong.


UNI appears to be moving in a downward channel , and looking for renewed interest before bouncing off previous profit taking levels. Uniswap’s annualized revenue has passed Bitcoin’s with $1.5 Billion moving into the DeFi markets since Friday. The long term outlook could be very positive for UNI ; however, high volatility with long candles and liquidations also seem probable. UNI’s price action in relation to Ethereum and Bitcoin should be good indicators of its mid to long term prospects.