NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

A “Cypher Pattern” Sets UNI For 100% Rally, Says Analyst

Yashu Gola
Yashu Gola
1 year ago
2 mins read
Uniswap UNI token symbol of the DeFi project cryptocurrency them

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Associating with the term “DeFi” worked in favor of many blockchain assets this year. UNI was one of them.

The governance token, which landed in the hands of people who contributed to the progress and running of UniSwap, a decentralized crypto exchange, was a hit right after its launch. It topped charts after rising more than 5550 percent within hours of trading, surging from $0.15 to $8.62.

Of course, UNI remained an airdrop token – helicopter money that prompted beneficiaries to dump it the moment they received it. That caused UNI/USD to plunge harder from its year-to-date high. As of October 7, almost three weeks after its launch, the pair was trading for $2.47, down 71.25 percent.

UniSwap, UNI, cryptocurrency, DeFi, decentralized finance
UNI/USD price trends since launch. Source: TradingView.com
UNI/USD price trends since launch. Source: TradingView.com

The slipover occurred amid a market-wide DeFi meltdown. Almost every asset, that represented yield farming projects, decentralized exchanges, and distributed lending/borrowing, fell hard. It showed that their upside bias was exhausting, leading to serious profit-taking among traders.

But despite the DeFi crash, UNI is still promising to recoup its entire losses. So says a TradingView-based analyst that has spotted the UniSwap token inside an indicator known as…

…The Cypher Pattern

According to ForexOP.com, the Cypher in forex trading represents a five-point harmonic chart pattern: XABCD.

“In any Cypher, points X, C and D are the critical points,” the portal noted. “For a bullish Cypher, X should be the pattern low and C the pattern high. A bearish Cypher makes its high at X, and its low at C.”

Based on the definition, UNI is currently printing a bearish Cypher Pattern. It also gets confirmed by retracements between AC (38%-62%), BC (113%-141%), and AD (78%) against the XA. For instance, the chart below illustrates the segments:

UniSwap, UNI, cryptocurrency, DeFi, decentralized finance, defi
Example of Cypher Patterns. Source: ForexOp.com
Example of Cypher Patterns. Source: ForexOp.com

And now, placing the Bearish Cypher pattern on the current UNI/USD chart makes it look like the following.

UniSwap, UNI, cryptocurrency, DeFi, decentralized finance, defi
UNI/USD and its Cypher Pattern outlook. Source: TradingView.com
UNI/USD and its Cypher Pattern outlook. Source: TradingView.com

“So far all fib levels line up accurately,” the analyst behind the chart above said. “If this is the case and price breaks above $5 resistance, we’ll be seeing $7 soon.”

UNI Fundamentals Agree

UNI is a new token but what it represents is a three-year-old credible DeFi project, UniSwap. The exchange now facilitates hundreds of millions of dollars in volume every day. Its output is higher than the ones posted by the top centralized exchanges Binance and Coinbase.

UniSwap has paid out more than $60 million to its 400,000 liquidity provider. It is the same reason why, despite UNI’s latest plunge, the total-value-locked (TVL) inside its pool barely moved lower. In contrast, other pools lost almost half of their reserves.

UniSwap, UNI, cryptocurrency, DeFi, decentralized finance, defi
The TVL of the UniSwap pool. Source: DeFi Pulse
The TVL of the UniSwap pool. Source: DeFi Pulse

With UNI now becoming an economic incentive, the token expects to grow higher in value.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

hyperliquid-hits-record-59-hylq-brings-success-model-crypto-stocks-tw

Hyperliquid飆至歷史新高59美元 HYLQ移植成功概念入加密股票

2025年9月18日,Hyperliquid(HYPE)悄然觸及59美元的歷史高位。這個數字不只是K線上的一筆延伸,更是一段關於新型山寨幣敘事如何滲入主流注意力場域的縮影。市值超越Chainlink,...

Peter Chow 5 hours ago
shiba-inu-october-rally-heats-up-snorter-meme-bot-presale-4m-25-days-left

柴犬幣10月行情熱度回升 Snorter迷因機器人預售倒數25天突破400萬美元

柴犬幣(SHIB)自2021年創下50萬倍漲幅後,儘管目前價格回落至0.0000121美元上下,但其作為模因幣文化元祖的地位未曾被撼動。2025年10月,加密市場在比特幣與以太坊進入高位盤整的背景下,...

Peter Chow 6 hours ago
cardano ada adausd

Cardano (ADA) Oversold With RSI at 36.6: Is a Short-Term Rebound on the Horizon?

Cardano (ADA) slipped 1.38% today, trading at $0.816, below its 20-day moving average ($0.871) and 50-day moving average ($0.86). However,...

James Halver 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

avalanche, Solana, Monero, SUI, pump.fun, chainlink

Avalanche (AVAX) Price Holds Key Support, But Analyst Warns Rally Could Be At Risk

Rubmar Garcia 51 minutes ago
Crypto

All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause?

Ronaldo Marquez 1 hour ago
stellar xlm xlmusd

Stellar (XLM) Shows Signs of Strength: Analysts See $0.5 Target in Play

James Halver 3 hours ago

Premium Sponsors

Press Releases

  • Aster na Binance vystrelil o 1800 % za týždeň napriek krachu trhu: Bude ďalším Bitcoin Hyper?

    Aster na Binance vystrelil o 1800 % za týždeň napriek...

    11 hours ago
  • Kryptomenové pokladničné zásoby sa prepadli, keď sa obchodníci presúvajú k bezpečnejším krypto predpredajom ako PEPENODE

    Kryptomenové pokladničné zásoby sa prepadli, keď sa...

    11 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    13 hours ago
  • A kincstári kriptovaluta-részvények hanyatlása, miközben a kereskedők biztonságosabb kriptovaluta előértékesítések felé fordulnak, mint például a PEPENODE

    A kincstári kriptovaluta-részvények hanyatlása...

    14 hours ago
  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.