CryptoBlog n.861

⚡️ Uniswap Price Could Skyrocket While PancakeSwap Price Collapses The Uniswap (UNI) price has broken out from a descending resistance line and could be in the initial stages of a long-term upward movement. Conversely, the PancakeSwap (CAKE) price shows weakness and is expected to break down from its ascending support line. The Uniswap price had fallen below a descending resistance line since reaching a high of $9.83 on July 28. The downward movement led to a low of $5.14 on Sept. 21. Initially, it seemed that the low caused a breakdown from the $5.75 horizontal support area (green circle). However, the UNI price reclaimed the area shortly afterward and validated it as support on Oct. 13. This created a long lower wick (green icon) and was the catalyst for the ongoing upward movement.