2024

Uniswap

Reversal

The post <a href="https://coinpedia.org/price-analysis/uniswap-price-prediction-will-uni-price-reversal-march-to-13/" rel="noopener noreferrer nofollow">Uniswap Price Prediction: Will UNI Price Reversal March To $13?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the short-term broader market recovery, the UNI token price shows an intraday reversal that could lead to a bigger trend reversal. As the hopes of a domino effect for a bull run in the coming weeks, the sideline traders anticipate a breakout.&nbsp;
Will the short-term reversal and the potential market recovery ignite a massive price jump in Uniswap? So, will the <a href="https://coinpedia.org/price-prediction/uniswap-uni-price-prediction/" rel="noopener noreferrer nofollow">UNI price prediction </a>of $25 in 2024 hold true?
<h2 class="wp-block-heading" id="h-uni-price-performance">UNI Price Performance</h2>
<figure class="wp-block-image"><img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcKPLGyCk-cSk0uDyQn8puDNRNmbcRbIUIphNaAmcuMnORDmCx_5ndbEVmiwSkU83utC9SAeKInI82B3SiZPkhs6tSpuBYKnyfQasuXgOouGReScqx6XXCjL7QZHL1e2mQpZwetj7hBTcgYsO5rOQOPA4s?key=dl3vu_7Q8UhOeDKnlvuJtw" alt="">
</figure>
<a href="https://www.tradingview.com/x/Yb0qbQvG/" rel="noopener noreferrer nofollow">Tradingview</a>
With the jump of 12.23%, the UNI price trend shows an overnight reversal, revealing a sudden surge in inflow. Currently, the altcoin trades at $9.841 with an intraday pullback of 2.19%.&nbsp;
In the daily chart, the Uniswap price sustains above the 50D EMA but loses the $10 psychological mark. Further, the bullish engulfing candle fails to overpower the 13.19% drop a day prior.&nbsp;
In the weekly chart, Uniswap showcases a long-coming resistance trendline, keeping the bullish growth under check. Currently, the UNI price shows a potential morning star forming at the 50W EMA.&nbsp;
This pattern is generally known for resulting in a bullish reversal and could increase the chances of a trendline breakout.&nbsp;
Technical Indicators:
MACD indicator: The MACD and signal lines in the weekly chart are preparing for a bullish crossover, bolstering the breakout chances.&nbsp;
EMA: The bullish trend in the 50D and 200D EMA sustains the positive outlook for the altcoin and continues to provide dynamic support.
<h2 class="wp-block-heading" id="h-will-uniswap-cross-above-13">Will Uniswap Cross Above $13?</h2>
As per the Fibonacci levels, the Uniswap struggles to reach the 23.60% level at $13. Hence, the recovery rally must surpass the trendline and the Fibonacci level to ensure a long-term uptrend. Upon breakout, the rise in demand with a trend reversal could pump the UNI price to reach $23.23 or the 50% Fibonacci level.&nbsp;
Conversely, if the price drops, then a retest of $7.921 is possible.&nbsp;

Uniswap Price Prediction: Will UNI Price Reversal March To $13?

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