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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides

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UNI price started a decent increase above the $$10.00 resistance. Uniswap is showing positive signs and might eye more upsides above the $11.75 resistance.

  • UNI started a fresh increase above the $10.00 resistance zone.
  • The price is trading above $11.00 and the 100-hourly simple moving average.
  • There was a break above a connecting bearish trend line with resistance near $9.50 on the hourly chart of the UNI/USD pair (data source from Kraken).
  • The pair might correct gains, but the bulls might eye more upsides above $11.75 in the near term.

UNI Price Holds Gains

After forming a base above the $8.80 level, Uniswap started a fresh increase like Bitcoin and Ethereum. UNI price gained pace for a move above the $9.20 and $9.50 resistance levels.

There was a break above a connecting bearish trend line with resistance near $9.50 on the hourly chart of the UNI/USD pair. The bulls even pushed the price above the $10.50 and $11.20 resistance levels. Finally, the bears appeared near the $11.75 zone.

A high was formed near $11.78 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $8.70 swing low to the $11.78 high.

UNI Price Prediction

UNI is now trading above $11.00 and the 100-hourly simple moving average. Immediate resistance is near the $11.50 level. The next key resistance is near the $11.75 level. A close above the $11.75 level could open the doors for more gains in the near term. The next key resistance could be near $12.20, above which the bulls are likely to aim a test of the $12.50 level. Any more gains might send UNI toward $13.50.

Are Dips Supported In Uniswap?

If UNI price fails to climb above $11.50 or $11.75, it could start a downside correction. The first major support is near the $11.05 level.

The next major support is near the $10.25 level or the 50% Fib retracement level of the upward move from the $8.70 swing low to the $11.78 high. A downside break below the $10.25 support might open the doors for a push toward $8.80.

Technical Indicators

Hourly MACD – The MACD for UNI/USD is losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for UNI/USD is near the 50 level.

Major Support Levels – $11.05, $10.50, and $10.25.

Major Resistance Levels – $11.50, $11.75, and $12.20.

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