Crypto Analyst Says Uniswap Flashing Short-Term Bullish Signal, Updates Outlook on Cardano

Crypto Analyst Ali Martinez has provided an update on the outlook for Uniswap (UNI) and Cardano (ADA). Martinez observed a short-term bullish signal for UNI, as the Tom DeMark (TD) Sequential indicator recently presented a buy signal on the daily chart. This could potentially lead to a 1-4 day rally with a target price of $10. As for Cardano, Martinez noted that its Market Value to Realized Value (MVRV) ratio has dipped below -22%, which historically has resulted in significant price increases for ADA. With the MVRV ratio back under -22%, Martinez suggests that another impressive rebound may be imminent. UNI is currently trading at $7.49, while ADA is trading at $0.472. Both assets have experienced slight gains in the past 24 hours.