1 Uniswap price prediction (BITSTAMP: UNI) shows the price took a pullback from the nearest resistance zone. 2 The Uniswap Coin price increased by 1.12% over the last 24 hours and by 0.46% over the past week. 3 At press time, Uniswap is trading at $5.911, and the 52-week price ra...
- 1 Uniswap price prediction (BITSTAMP: UNI) shows the price took a pullback from the nearest resistance zone.
- 2 The Uniswap Coin price increased by 1.12% over the last 24 hours and by 0.46% over the past week.
- 3 At press time, Uniswap is trading at $5.911, and the 52-week price range is $3.63 – $7.77.
Uniswap is a protocol that allows the automatic trading of DeFi tokens on Ethereum. It uses pools of funds instead of order books to enable swaps. It is controlled by a group of UNI token holders who can decide on protocol updates.
The maximum market cap of Uniswap Coin (UNI) is $5,920,869,447, assuming all 1 Billion UNI tokens are available today. This is a hypothetical value called the fully diluted valuation (FDV). According to Coingecko, a crypto data and information website, the actual FDV might take several years to reach, depending on how UNI tokens are issued.
As per Coinmarketcap, Uniswap crypto surged 1.40% in market value and surged by 51.53% in trading volume in the last 24 hours. Its market value is $3,411,731,776 and its trading volume is $88,875,223. There are 577,501,036 UNI in circulation.
Uniswap Coin’s (UNI) open interest is $47.72 Million. As per Coinglass, another crypto analysis website, it rose by 1.24% in the previous session. The long versus short ratio for 24 hours is 1.0559. The total number of short positions added in the last 24 hours is $205,822.973 against longs of $4,420.928.
Moreover, the Uniswap Coin has shown good performance this month, as it is up by 12.69% but it has plummeted by 14.37% in the past six months. Also, the year-to-date return of UNI price is positive with a 15.36% incline.
Uniswap Price Technical Analysis in 1-D Timeframe
The Uniswap price started in 2023 with strong support at $4.98 and rose steadily by approx 49% in two months, creating a series of higher highs and higher lows.
However, the UNI price faced strong resistance at $7.72 and reversed its trend dropping by nearly 49% in four months and breaking all the support levels along the way.
By June 10th, Uniswap price reached a crucial demand zone at $3.64, where it bounced back and climbed by about 70%. At the time of writing, the Uniswap Coin is trading at $5.911 and has taken a pullback from the nearest resistance zone in the last few days.
Therefore, if the Uniswap Coin price sustains this level, it may continue to rise and hit the targets of $6.54 and $7.72. Alternatively, if the Uniswap Coin price rejects this level and falls, it may reach the nearest support levels of $4.98 and $3.64.
Uniswap price (UNI) is above the 20, 50, 100, and 200-day EMA (exponential moving average). The EMA is acting as support, pushing the price trend up. Therefore, Uniswap price prediction suggests that the coin price could spike if the buyers accumulate more.
The MACD line at 0.18490 and the signal line at 0.21484 are both above the zero line. They are also intertwined, indicating a consolidation phase in the market and a possible bullish crossover soon. The RSI value is 58.54 points, and the 14 SMA is at 64.97 points. The RSI line was rejected earlier and now it has changed direction. Therefore, the Uniswap Price Prediction suggests that the coin price is bullish.
Conclusion
Uniswap Coin chart shows investors are bullish regarding the coin on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. Technical parameters of Uniswap price also support the bullish trend. The major indicators are giving positive signals and imply that the uptrend may continue. Hence, as per Uniswap price prediction, the coin is bullish.
Technical Levels:
- The nearest support levels are $0.04624 and $0.04189.
- The closest resistance levels are $0.05528 and $0.05938.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.