Uniswap

Bitcoin

April

Daily

Coin

The price of <a href="https://en.coin-turk.com/wisdomtree-investments-follows-blackrock-in-spot-bitcoin-etf-application/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> continues to struggle at $36,000, and its recovery from $34,800 was an important development. This recovery, which excites altcoin <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>, could lead to new rallies. The native token of one of the most important protocols in the <a href="https://en.coin-turk.com/over-1-billion-in-liquidations-investors-suffer-heavy-losses-in-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DeFi</a> space is targeting new highs. A $10 target in the medium term may not be far-fetched.
<h2 style="text-align: justify" id="uniswap-uni">Uniswap (UNI)</h2>
The price of UNI Coin has been highly volatile for the past 1.5 years. Bulls have been fighting hard to maintain the $4 region since April 2022. The price faced rejection from the descending trendline in July and retreated to the $4 support zone. However, this week it reached $5.6 just below the critical resistance level of $5.9. At the time of writing, it is at $5.26.
<img decoding="async" class="wp-image-276732 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/UNI-Coin-Analiz-Tahmin.png" alt="" width="1115" height="455">
When the descending resistance line that has been in place for 475 days and the $4 support converge, a descending triangle formation, known as a bearish pattern, is formed. This indicates that if Bitcoin fails to target the $38,000 region again, it could undergo a deeper correction.
<h2 style="text-align: justify" id="uni-coin-price-predictions">UNI Coin Price Predictions</h2>
So, what did popular cryptocurrency experts say about the price? DaveCryptosNews is confident that the support at $4.6 will hold strong. GlobeOfcrypto1 shared their expectations for an upward breakout from a long-term formation, stating that the price could reach up to $18 if their expectations are met.
<img decoding="async" class="wp-image-276734 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/Uni-Coin-Analiz-Tahmin-2.webp" alt="" width="1087" height="500">
Analyst CryptoUsmaan wrote:
<blockquote>
 “UNI is on the verge of a breakout. Our significant support is at $4.85 (200 Daily MA), and we should see a good bounce. If the price reaches this zone, it could be an opportunity for a long entry.”
</blockquote>
Looking at the weekly chart, the likelihood of a long-term breakout is evident. The price, which has escaped from the descending resistance line from the ATH region, confirms this as support. It should not be surprising if a bounce occurs from here.
<img decoding="async" class="wp-image-276735 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/UNI-Coin-Analiz-Tahmin-3.png" alt="" width="1178" height="479">
While the price is falling, the RSI on the weekly chart remains strong, creating bullish divergence. In a possible bullish scenario, the first target could be $7.5 with a 40% increase. Then, a rally extending to 130% could make $12 possible.
If buyers fail to hold strong and the price of BTC enters a deeper search for a bottom, UNI Coin could retreat to the $4 support. Continue Reading: <a href="https://en.coin-turk.com/uni-coin-price-analysis-and-predictions-can-it-reach-10/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/uni-coin-price-analysis-and-predictions-can-it-reach-10/</a>

UNI Coin Price Analysis and Predictions: Can it Reach $10?

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