- UNI and SNX were some of the best performers of the last seven days.
- UNI could breakout and target $7 since bulls had regained control at $6.05.
- SNX’s volatility contracted, and unless demand surges at $2.63, the price may drop.
Lately, the broader market has been relatively quiet as most assets continue to linger in consolidation. For DeFi tokens Uniswap (UNI) and Synthetix (SNX), it has been pretty much the same.
However, the 7-day performance of UNI and SNX has been noteworthy. At the time of writing, CoinMarketCap showed that SNX had gained 28.48% in the last seven days. UNI, on the other hand, also had an impressive double-digit performance with a 16.87% hike within the same timeframe.
But there has been something peculiar to both projects recently. For instance, Synthetix finalized a partnership with Chainlink (LINK) to enhance cross-chain liquidity.
In the same vein, Uniswap also upgraded to UniswapX in line with its goals to protect its users and offer better liquidity. Despite the developments, the SNX prices decreased in the last 24 hours. However, UNI’s price went upward, and here’s what could happen next.
Uniswap (UNI)
In the UNI…
The post UNI and SNX Eye Critical Zones After Recent Developments appeared first on Coin Edition.
The post UNI and SNX Eye Critical Zones After Recent Developments appeared first on Coin Edition.