Uniswap

Bitcoin

Foundation

Uniswap Price: Amid a hyperactive bullish market phase, the Decentralized exchange <a href="https://coingape.com/sponsored/peen-token-launches-on-uniswap-next-big-meme-crypto/" rel="noopener noreferrer nofollow">Uniswap’s native token (UNI)</a> enters the top performers list with a 19.28% intraday surge. The massive jump in the token’s valuations comes with the increased investor’s confidence with the new altcoin season. Thus, the breakout 2-year-long resistance indicates a pivotal trend reversal entry opportunity in Uniswap.&nbsp;&nbsp;
Also Read: <a href="https://coingape.com/uni-price-soars-15-after-this-key-proposal-by-uniswap-foundation/" rel="noopener noreferrer nofollow">UNI Price Soars 15% After This Key Proposal by Uniswap Foundation</a>
<h2 id="b-what-s-ahead-for-uni-price-after-45-weekly-surge-b">What’s Ahead For UNI Price After 45% Weekly Surge</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/a/aOYHQlLZ.png" alt="BINANCE:UNIUSDT Chart " width="1815" height="792">
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 Uniswap Price|
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With the overall trend reversal leading to a bull market, the <a href="https://coingape.com/price/uniswap/" rel="noopener noreferrer nofollow">Uniswap price</a> hits a new 52W high. With a surge in buying pressure, the UNI price has jumped 166% in the last four weeks.
The ongoing recovery rally ends the year’s long consolidation under a bearish banner. This reversal surpasses the psychological mark of $10 and marks a rounding reversal in the weekly chart.&nbsp;
<blockquote>
 A close-up analysis of the daily chart showcases a streak of bullish candles amidst the market recovery. The rising price has recently breached a key resistance of $14, offering another stepping stone for buyers to prolong the recovery trend.&nbsp;
</blockquote>
Currently, the altcoin exchanges hands at $15.73 and may offer a minor pullback to $14 to display its sustainability at a higher price. With steady recovery, the <a href="https://coingape.com/uniswap-l2-transaction-volume-hit-200b-ath-uni-price-reacts/" rel="noopener noreferrer nofollow">UNI</a> price should chase a potential target of $20, followed by $23.
Furthermore, the rounding bottom is a traditional reversal pattern, commonly at the maturity of a downtrend. The buyer’s recent escape from a long sideways trend indicates the Uniswap price is the beginning of a new uptrend.
Under the influence of the rounding bottom pattern, the UNI price may cause a potential target of $45.&nbsp;
Also Read: <a href="https://coingape.com/bitcoin-vs-cbdc-vaneck-advisor-advocates-btc-adoption-amid-brics-latest-move/" rel="noopener noreferrer nofollow">Bitcoin Vs. CBDC: VanEck Advisor Advocates BTC Adoption Amid BRICS Latest Move</a>
<h2 id="technical-indicator">Technical Indicator</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The fast-moving 20-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">EMA</a> acts as the first line of defense during the market correction.</li>
 <li style="font-weight: 400;" aria-level="1">Average Directional Index: The daily ADX slope at 48% indicates the buyers leading an exhausted rally and may need a minor pullback to regain strength.</li>
</ul>
The post <a href="https://coingape.com/markets/uniswap-price-sets-to-extend-recovery-leg-with-14-breakout-enter-now/" rel="noopener noreferrer nofollow">Uniswap Price Sets to Extend Recovery Leg With $14 Breakout, Enter Now?&nbsp;</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Uniswap Price Sets to Extend Recovery Leg With $14 Breakout, Enter Now?

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