Uniswap

Bitcoin

Green

Resistance

Gains

UNI price started a decent increase above the $$10.00 resistance. Uniswap is showing positive signs and might eye more upsides above the $11.75 resistance. 
<ul> 
 <li>UNI started a fresh increase above the $10.00 resistance zone.</li> 
 <li>The price is trading above $11.00 and the 100-hourly simple moving average.</li> 
 <li>There was a break above a connecting bearish trend line with resistance near $9.50 on the hourly chart of the UNI/USD pair (data source from Kraken).</li> 
 <li>The pair might correct gains, but the bulls might eye more upsides above $11.75 in the near term.</li> 
</ul> 
<h2 id="uni-price-holds-gains">UNI Price Holds Gains</h2> 
After forming a base above the $8.80 level, Uniswap started a fresh increase like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-steam-70k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-new-peaks-4k/" target="_blank" rel="noopener ">Ethereum</a>. UNI price gained pace for a move above the $9.20 and $9.50 resistance levels. 
There was a break above a connecting bearish trend line with resistance near $9.50 on the hourly chart of the UNI/USD pair. The bulls even pushed the price above the $10.50 and $11.20 resistance levels. Finally, the bears appeared near the $11.75 zone. 
A high was formed near $11.78 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $8.70 swing low to the $11.78 high. <a href="https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449"><img loading="lazy" decoding="async" class="wp-image-609959 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449" alt="UNI Price Prediction" width="1024" height="449" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449?w=1950 1950w, https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/Uniswap-UNI.png?resize=1024%2C449?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
UNI is now trading above $11.00 and the 100-hourly simple moving average. Immediate resistance is near the $11.50 level. The next key resistance is near the $11.75 level. A close above the $11.75 level could open the doors for more gains in the near term. The next key resistance could be near $12.20, above which the bulls are likely to aim a test of the $12.50 level. Any more gains might send UNI toward $13.50. 
<h2 id="are-dips-supported-in-uniswap">Are Dips Supported In Uniswap?</h2> 
If UNI price fails to climb above $11.50 or $11.75, it could start a downside correction. The first major support is near the $11.05 level. 
The next major support is near the $10.25 level or the 50% Fib retracement level of the upward move from the $8.70 swing low to the $11.78 high. A downside break below the $10.25 support might open the doors for a push toward $8.80. 
Technical Indicators 
Hourly MACD – The MACD for UNI/USD is losing momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for UNI/USD is near the 50 level. 
Major Support Levels – $11.05, $10.50, and $10.25. 
Major Resistance Levels – $11.50, $11.75, and $12.20.

UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides

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