Uniswap (UNI) has seen a major price drop from its peak, but is now showing signs of potential recovery. We examine the current changes and growth opportunities.
Price Decline & Consolidation Phase
UNI has dropped about 92% from its All-Time High (ATH). After this major decline, the price moved sideways, gathering liquidity, and reached the mean level of the rejection zone, sparking a bounce back.
Market Structure Shift
The bounce captured buy-side liquidity, causing a shift in market structure. This movement created external liquidity.
Retracement & Liquidity Tests
Price retraced to test Internal Range Liquidity (IRL) from the previous swing. Currently, it has bounced from the Fair Value Gap (FVG) and IRL, aiming for External Range Liquidity (ERL).
Potential growth projections estimate 100% gain to ERL and 430% to ATH. Untested equal highs liquidity suggests the bullish trend may continue, leading to an ATH test.
