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">
 <figcaption class="wp-caption-text">
 Uniswap Price|
 </figcaption>
</figure>
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?

목차

Coingape News Media

2024년 3월 6일에 게재된 다른 기사

Coinbase Pushes Back: Seeks Dismissal Of Default Judgment On Crypto Sales

Pushd (PUSHD) Latter Stages Still Give Time for Ethereum (ETH) and Uniswap (UNI) Investors to Joi...

Bitcoin Daily Spot Trading Volume Hits New High of Over $46 Billion

Ripple CLO Takes Subtle New Jab at US SEC

Crypto News: Avalanche (AVAX) Pushes Toward $50, Solana (SOL) and KangaMoon (KANG) Prices Soar

Nexo gets on regulatory ladder in Dubai with initial approval

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!