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Standing front and center on the charts is a developing ascending wedge. It could just be a correction in a dominant uptrend, or conversely, it could be an alert that a major top is about to be printed. Alternatively, Uniswap price could continue to drift higher, making marginal new highs until mid-April when the pattern reaches its apex, which coincides with the 1.
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Still, if the wedge does resolve to the upside, the potential gains will be limited to a test of the 1. The reward exceeds the risk in the short-term, but the risk is much more significant from a macro perspective. Latest US Pres.
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