Uniswap Price Prediction: Will Uniswap Price Hit $10 By 2023 End?

• Uniswap price prediction is highly bullish and may continue with the uptrend.
• Uniswap price formed a double bottom pattern. 
• Uniswap crypto price holds the 50 day EMA showcase, short term trend is in upward direction.

Uniswap price prediction favors the bulls and suggests the upward momentum will continue into the coming months. Uniswap price recovered about 14% from the recent low swing at $5.480 and formed a double bottom bullish reversal pattern. Uniswap crypto price sustained above the 50 day EMA and shows that the short term trend is in the upward direction. However, the price is below the 200 day EMA and indicates that the positional trend is yet to turn in the favor of the bulls. 

Uniswap price is trading at $6.318 with an intraday rise of 2.72% and 24 hour volume to market cap ratio is at 0.0215. The UNI/BTC pair is trading at 0.0002217 with an intraday rise of 1.51% which shows a minor gap between price of both the pairs. 

In the beginning of March, Uniswap price dropped below the lower range of two months consolidation which invited the fall. Later, prices began to expand downside by forming lower lows. However, in mid-March, the downfall halted near the demand zone and bulls showed a decent recovery from the lower levels. 

Will Uniswap Price Break The Swing High at $7.500?

Uniswap price formed a bullish engulfing candle pattern and defended the $5.500 mark which shows that buyers are active at the lower levels. During the recovery, minor profit booking was visible, but bulls successfully pushed the price back to equilibrium. 

Presently, Uniswap price is stuck in the wide range between $5.500 to $7.500 and expected to break either side in the coming months. Technical analysis suggests, if Uniswap price is able to climb above the 200 day EMA, then the probability of the upside breakout will increase.  

Will Uniswap Price Continue to Rise?

Uniswap price rose by 6.27% on a weekly basis and broke out of the previous week high. However, the price will gain momentum above the $7.00 hurdle. Till then, Uniswap price is expected to remain in a consolidation. Technical indicators like MACD had generated a positive crossover, indicating prices are likely to trade with bullish bias. The RSI at 55 sloping upward denotes strength and more room for upside is open for the bulls.

Conclusion

Uniswap price prediction suggests a rise in the coming months. However, the price will pick up momentum when buyers successfully break the $7.00 hurdle. Technical analysis shows that Uniswap price is in the bulls grip and probability of reaching the $10.00 mark by 2023-end remains high. 

Technical levels

Resistance levels : $7.000 and $7.500

Support levels : $5.500 and $5.000

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.