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The post <a href="https://coinpedia.org/price-analysis/uniswap-uni-price-to-plunge-15-as-bearish-sentiment-intensifies/" rel="noopener noreferrer nofollow">Uniswap (UNI) Price To Plunge 15% As Bearish Sentiment Intensifies?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Uniswap price continues to display increased price volatility as the altcoins repeatedly fail to surpass its important resistance level of $11.640, indicating a strong liquidation point for the altcoin at that level.
With the increasing price volatility in the crypto space in anticipation of an altcoin rally, will the <a href="https://coinpedia.org/price-prediction/uniswap-uni-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">UNI coin price</a> regain momentum this June? Dive in as, in this article, we have covered the price analysis and potential short-term price targets of Uniswap crypto.
<h2 class="wp-block-heading" id="h-uniswap-price-on-the-verge-of-breaking-its-important-support-level">Uniswap Price On The Verge Of Breaking Its Important Support Level:</h2>
Despite recording a correction of 2.73% within the past day and approximately 1% over the past week, the UNI crypto has added 32.34% within the past 30 days. It has rewarded its users with a return of 30.34% this year alone.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc0Lflzwplneiuhvzw-Uv0sfkl8fET6obcSCsQfEE11qjv6hebICKE59dPUIlNpPlvRw-iU73vp0B3Zk5Wru-7mW_oNULeSSuLEhUrxPGZTrUkY15YuEZXOnnaIH3qlMfBNSxJVCNzguVq7VOQgNh-Al9ah?key=URs2S9PbYOBvAvpWfhuQYw" alt="Uniswap Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: UNI/USDT
 </figcaption>
</figure>
With a price tag of $9.652, a circulating supply of 599,957,295 UNI tokens, and a market cap of $5.63 Billion, the <a href="https://markets.coinpedia.org/uniswap/" target="_blank" rel="noopener noreferrer nofollow">Uniswap price</a> has secured the 20th position in the global crypto market list and requires roughly $150 Million to surpass Litecoin (LTC) token in terms of market capitalization.
The Cross EMA 50-day acts as a support to the price chart in the 1D time frame, suggesting a high possibility of a bullish bounce back this week.
The Relative Strength Index (RSI) is on the verge of testing its mid-point, highlighting uncertainty for the UNI coin price. Moreover, the average displays a bearish sentiment, indicating a mixed sentiment in the crypto space.
<h2 class="wp-block-heading" id="h-will-uni-price-go-back-up">Will UNI Price Go Back Up?</h2>
If the market holds the Uniswap token above the resistance level of $9.90, the bulls will regain momentum and prepare to test its important resistance level of $11.640.
Furthermore, if the bulls continue to dominate the market, the UNI price will prepare to test its upper resistance level of $13.510 this month.
Conversely, if the bears gain control over the market, the UNI price will test its support level of $8.40. Moreover, if the bulls fail to regain momentum, the Uniswap token will test its crucial support level of $6.920 during the upcoming weeks.

Uniswap (UNI) Price To Plunge 15% As Bearish Sentiment Intensifies?

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