Currencies29297
Market Cap$ 2.39T+0.51%
24h Spot Volume$ 34.65B-8.46%
DominanceBTC50.97%+0.19%ETH17.04%-0.13%
ETH Gas6 Gwei
Cryptorank
MainNewsUNI Price Pr...

UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides


UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides
May, 27, 2024
2 min read
by NewsBTC
UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides

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.

  • UNI started a fresh increase above the $10.00 resistance zone.
  • The price is trading above $11.00 and the 100-hourly simple moving average.
  • 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).
  • The pair might correct gains, but the bulls might eye more upsides above $11.75 in the near term.

UNI Price Holds Gains

After forming a base above the $8.80 level, Uniswap started a fresh increase like Bitcoin and Ethereum. 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.

UNI Price Prediction

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.

Are Dips Supported In Uniswap?

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.

Read the article at NewsBTC

Read More

Hong Kong Government Explores DeFi and Metaverse to Boost Fintech Dominance

Hong Kong Government Explores DeFi and Metaverse to Boost Fintech Dominance

Hong Kong's government studies emphasize DeFi and metaverse tech for fintech growth, ...
Jun, 26, 2024
3 min read
by BTC-Pulse
DeFi Protocol Alex Lab $4 Million Hack Linked To Lazarus Group

DeFi Protocol Alex Lab $4 Million Hack Linked To Lazarus Group

Alex Lab, a Bitcoin-based DeFi protocol, revealed new details about the hack it suffe...
Jun, 26, 2024
3 min read
by Bitcoinist
MainNewsUNI Price Pr...

UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides


UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides
May, 27, 2024
2 min read
by NewsBTC
UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides

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.

  • UNI started a fresh increase above the $10.00 resistance zone.
  • The price is trading above $11.00 and the 100-hourly simple moving average.
  • 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).
  • The pair might correct gains, but the bulls might eye more upsides above $11.75 in the near term.

UNI Price Holds Gains

After forming a base above the $8.80 level, Uniswap started a fresh increase like Bitcoin and Ethereum. 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.

UNI Price Prediction

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.

Are Dips Supported In Uniswap?

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.

Read the article at NewsBTC

Read More

Hong Kong Government Explores DeFi and Metaverse to Boost Fintech Dominance

Hong Kong Government Explores DeFi and Metaverse to Boost Fintech Dominance

Hong Kong's government studies emphasize DeFi and metaverse tech for fintech growth, ...
Jun, 26, 2024
3 min read
by BTC-Pulse
DeFi Protocol Alex Lab $4 Million Hack Linked To Lazarus Group

DeFi Protocol Alex Lab $4 Million Hack Linked To Lazarus Group

Alex Lab, a Bitcoin-based DeFi protocol, revealed new details about the hack it suffe...
Jun, 26, 2024
3 min read
by Bitcoinist