Uniswap (UNI), breaks 5-year sideways 'shackles'...Countdown to break $12

▲ Uniswap (UNI)/AI Generated Image

Uniswap (UNI) has broken through its 5-year long-term resistance line and entered a full-fledged bull market, and is now poised for an unprecedented surge, combined with a major upheaval in the US regulatory environment.

Cryptocurrency analyst Evan Aldo stated in an interview with the crypto-focused YouTube channel Paul Barron Network on September 19 (local time), "Uniswap has broken through the trendline formed since 2021, achieving a major breakthrough after five years." He diagnosed, "In the short term, breaking $10 will be followed by reaching $12 in the first quarter of next year, which is an inevitable course." Analyst Aldo noted that while there is a possibility of a healthy price correction due to seasonal factors pushing it down to the $7 level ahead of the October midterm elections, the upward trend in the 2-day chart remains unbroken, suggesting it could challenge $18 and its past all-time high in the long term.

The official comments from US Securities and Exchange Commission (SEC) Commissioner Hester Peirce acted as a strong positive catalyst for the decentralized ecosystem. With the confirmation that decentralized systems powered by autonomous software do not require regulatory exemptions, Uniswap surged by 25%. Unlike the period in December 2020 when it surged 849% over 12 weeks, the fee switch function, which distributes profits to Uniswap holders, is now active, strengthening its business foundation significantly compared to the past, according to analysis.

Analyst Aldo predicted that Solana (SOL) and Jupiter (JUP) would be the biggest beneficiaries of the SEC's 5-year exemption for tokenized stocks. The Solana staking ETF attracted $20 million in less than 30 minutes of trading, and Jupiter, which dominates Solana's order flow, is already brokering hundreds of tokenized stocks and trending upwards toward $0.5. Ethereum (ETH) has entered a supply shortage phase, with exchange holdings drying up to 15.6 million ETH, or 12.7% of the total supply, making a return to $3,000 by year-end likely.

Bitcoin (BTC) broke through $80,000, outperforming major assets, driven by a $170 million short squeeze. Analyst Aldo explained that after a 15% retracement to the $70,000 level ahead of the October midterm elections, completing a large inverse head and shoulders pattern, a trajectory of breaking $92,000 by year-end or early next year is likely. However, he added that short-term volatility management is crucial as the Nasdaq and S&P 500 could fall by 8% to 14% due to macroeconomic headwinds from the rising US gasoline prices to $4.43 per gallon in the wake of the Iran war.

[Article Key Summary]

-Uniswap (UNI) has completed a major trend breakthrough after 5 years and is projected to rise to $18 via $12 in Q1 next year.

-Ethereum (ETH), with SEC regulatory easing and depletion of exchange circulating supply, has entered a trajectory to recover $3,000 by year-end.

-Bitcoin (BTC) is analyzed to test breaking $92,000 after settling at $80,000 and undergoing a midterm election correction.

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