Uniswap

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Uniswap price (UNI) surged 1.07% in the last 24 hours and is currently trading at $5.80.</a> </li> 
 <li> <span>2</span> <a>Uniswap (UNI) whales data states that whales hold a total of 52.8% of the supply with a significant decrement of 1.5% over the past 1 year.</a> </li> 
</ul> 
<p>Uniswap (UNI) is a decentralized trading protocol that lets anyone trade DeFi tokens automatically. It is an AMM that started in November 2018, but became very popular this year because of the DeFi boom and more token trading.&nbsp;</p> 
<p>The Uniswap price is currently trading at $5.80 with an incline of 1.07% in the past 24 hours. UNI holds a total market cap of $3.34 Billion and ranks 24th in the crypto market.&nbsp;</p> 
<p>UNI token has a trading volume of $57.03 Million with a decline of 37.88% over the past 24 hours.&nbsp; It has over 577.50 Million tokens in circulating supply. The volume-to-market cap ratio of the UNI token is 1.70% indicating low volatility in the market.</p> 
<h2 class="wp-block-heading" id="strong-uniswap-price-prediction-using-price-action-strategy-strong"><strong>Uniswap Price Prediction Using Price Action Strategy</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Uniswap-Price-Prediction-Using-Price-Action-Strategy-1024x478.webp" alt="Uniswap Price Prediction Using Price Action Strategy" class="wp-image-154384" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Uniswap-Price-Prediction-Using-Price-Action-Strategy-1024x478.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Uniswap-Price-Prediction-Using-Price-Action-Strategy-300x140.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Uniswap-Price-Prediction-Using-Price-Action-Strategy-768x359.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Uniswap-Price-Prediction-Using-Price-Action-Strategy-1536x717.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Uniswap-Price-Prediction-Using-Price-Action-Strategy-750x350.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Uniswap-Price-Prediction-Using-Price-Action-Strategy-1140x532.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Uniswap-Price-Prediction-Using-Price-Action-Strategy.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: UNI/USD By TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>Uniswap price analysis reveals that the token declined narly 75% after the breakdown of a crucial support at $15 in January 2022. However, in June 2022, the price took support from the demand and surged nearly 60% but could not break above the previous swing high and slid.<br><br>Thereafter, the price entered correction phase and formed a parallel channel pattern in the weekly chart which is popularly known as bullish flag pattern.</p> 
<p>Recently, the price bounced back from the demand zone with a rise in volume indicating the presence of buyers near the demand zone. The price surged nearly 40% in the past 5 weeks. However, the price is still trading in the channel.&nbsp;</p> 
<p><br>Now, If the price is able to break and sustain above the channel pattern then it may result in a change of trend from the correction phase to an advancement phase. This may attract buyers and push the price higher.</p> 
<h3 class="wp-block-heading" id="strong-uni-price-forecast-from-indicators-point-of-view-strong"><strong>UNI Price Forecast from Indicators’ point of view</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/UNI-Price-Forecast-from-Indicators-point-of-view-1024x478.webp" alt="UNI Price Forecast from Indicators' point of view" class="wp-image-154383" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/UNI-Price-Forecast-from-Indicators-point-of-view-1024x478.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/UNI-Price-Forecast-from-Indicators-point-of-view-300x140.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/UNI-Price-Forecast-from-Indicators-point-of-view-768x359.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/UNI-Price-Forecast-from-Indicators-point-of-view-1536x717.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/UNI-Price-Forecast-from-Indicators-point-of-view-750x350.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/UNI-Price-Forecast-from-Indicators-point-of-view-1140x532.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/UNI-Price-Forecast-from-Indicators-point-of-view.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: UNI/USD By TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>As per the EMA analysis, the UNI price is currently trading between 20 an 50 day EMA. the price has got support from the 20 day EMA which shows short term participation of buyers in the market. However, price has to surpass the hurdles of 50 and 100 EMA to surge higher.</p> 
<p>At the time of publishing, the RSI value of the UNI token is 51.14 and that of the SMA line is 44.15. RSI is headed upwards taking support from the SMA line which indicates bullish sentiment in the market.</p> 
<p>MACD lines have made a bullish crossover. Also, Histogram bars are being formed above the mean line with increasing height indicating a positive sentiment being built in the market for now.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/07/17/uniswap-price-prediction-uni-price-up-16-06-in-past-7-days/" rel="noopener noreferrer nofollow">Uniswap price prediction</a> shows that the token declined narly 75% after the breakdown ofa crucial support in January 2022. The precise tried to recover in June 2022 but suffered rejection from the upper levels and declined.&nbsp;</p> 
<p>Recently, the price bounced back after getting support from the demand zone. The price is trading at the upeer edge of the channel. Now, if the price breaks and sustains above the channel then the price may surge higher to hit a double digit mark i.e. the price may surge upto $10 in the upcoming weeks.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Support levels: $3.32 and $1.25.</li> 
 <li>Resistance levels: $9.90 and $12.93.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Uniswap Price Prediction 2023: Will UNI Surge More or Slid?

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