- Uniswap price is trading over the significant moving average which showcases the bullish trend.
- The Uniswap crypto price has dropped by 85% from its all-time high.
The Uniswap token price has been in a bearish trend since May 2021 and bears are in control. Since September 2022, the UNI price has been stuck in a parallel channel. The UNI price is making attempts to hold the $8 but sellers are enough to drag down the price.
The Uniswap token price has been ranging between $8 and $4 and recently, the UNI price tried to sustain the $8 but faced resistance from the 100-day moving average and fell by 30% in a few weeks.
Uniswap Crypto Price Overview
Uniswap price is trading at $6.45 with an intraday gain of 1.60%. The market capitalization of UNI is $3.86 billion and the fully diluted market cap is $6,463,797,576.
The maximum and total supply of Uniswap is 1,000,000,000 UNI. The 24-hour trading volume is $91.31 million with a fall of 7%. According to the trading volume, the Uniswap ranks 58th in the cryptocurrency market.
Uniswap Token Price Technical Analysis Over Weekly Timeframe
The UNI token price has been in a consolidation phase for more than a week. Last time, the Uniswap price attempted to give a breakout but didn’t succeed and slipped back into the channel.
Currently, the UNI crypto price has taken support on the 20-day moving average. If the UNI price falls below the 20-day moving average, $4 can be achieved easily in the next few weeks.
Uniswap Price Technical Analysis; Will UNI/USD Price Reach $10 Soon?
On a daily timeframe, the UNI token price has witnessed a slow and steady gain since November. The UNI price was rising by taking pullbacks but the trend was disturbed near the $8 and the price failed to form a new higher high.
The UNI price is continuously facing price rejection from the $7 mark. If the UNI token price surpasses the $7 level and is sustained, buyers may easily lift the price to the $8 mark and a 52-week high can be registered. Uniprice needs to sustain the $10 mark for the trend reversal.
If the Unisawap token price slips below the 200-day moving average, sellers may become confident and the price may easily fall to the $5 level. If the UNI crypto price fails to defend the $5 mark, a strong selling pressure can be expected and a strong support level can be achieved.
Uniswap Price Prediction FAQs
What is the UNI price prediction today?
The Uniswap token price is predicted to gain 0.00% to reach $6.48 by today.
What is the UNI price prediction tomorrow?
According to our technical analysis, the Uniswap crypto price will gain 4.07% and reach $6.73 by tomorrow.
What is the Uniswap price forecast for this week?
The UNI crypto price is forecasted to range between $6.50 & $5.94. The Uniswap price would gain 9% to reach the lower target.
What is the current UNI price prediction sentiment?
The current Uniswap price prediction sentiment is bullish according to our technical analysis.
Conclusion
On a wider time frame, the Uniswap price has been in a bearish trend but the price has performed positively in the short-term. Recently, the UNI price has dropped by 20% from the 52-week high. Uniswap price is struggling between the 20-day and 100-day moving averages. The sellers are still in the race and trying to breach the $6 to continue the fall.
Technical Levels
Resistance: $7.00 & $8.00
Support: $6.00 & $5.00
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.
