Uniswap, Shiba Inu & SafeMoon – American Wrap 30 September

Uniswap price action could lose 44% if bulls can not defend $22

Uniswap price action has set up a bull trap. With the downtrend still intact, bulls are scrambling to protect $22. If $22 breaks, expect support to evaporate and give bears a free ride to $13. Uniswap (UNI) has formed a bull trap in its downward trend. With bulls licking their wounds, expect fewer support at $22. A break would spell more downside risk towards $13 for October. 

Dogecoin killer Shiba Inu ready to rally after launching 10,000 NFTs on ShibaSwap

Shiba Inu announces sale of 10,000 randomly generated NFTs available for sale on ShibaSwap. Buyers will be able to name their Shiboshis by burning SHIB tokens, further reducing the tokens in circulation. Dogecoin millionaire Glauber Contessoto currently holds nearly $2 million worth of DOGE tokens and is reluctant to sell. Analysts have noted declining interest in Shiba-Inu-themed cryptocurrencies: Dogecoin and Shiba Inu token. However, the latest developments in the Shiba Inu ecosystem are set to drive scarcity in the circulating tokens. 

SafeMoon price has 26% gains on the table

A brief technical and on-chain analysis on SafeMoon price. Here, FXStreet’s analysts evaluate how SAFEMOON will breakout.