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The Uniswap price prediction has started to gradually rise during today’s European trading session, with the price seeing slight growth.
Uniswap’s UNI Hits $10.60 Amid Speculation of New Layer-2 Support
As the native token of decentralized exchange Uniswap, UNI surged 9%, becoming the token with the largest gain in the crypto market today. Currently, UNI is trading at $10.60, up 8.05% in the past 24 hours.
Uniswap Forecast Statistics:
Uniswap Current Price – $10.52
Uniswap Market Cap – $6.2 billion
Uniswap Circulating Supply – 599.9 Million
Uniswap Total Supply – 1 Billion
Uniswap Coinmarketcap Ranking – 17th
UNI/USD Market
Key Levels:
Resistance Levels: $14.0, $15.0, $16.0
Support Levels: $7.0, $6.0, $5.0
UNI/USD – Daily Chart
UNI/USD
The bulls have been trying to break above the 9-day and 21-day moving averages. The $10.0 support level is a key support level, and the price touched this level today. Meanwhile, the Uniswap price had previously traded around this level and then moved upwards, which makes the support level a strong support zone.
Uniswap Price Prediction: Can Uniswap Rise?
If the bulls can defend the $10.0 level, the Uniswap price could rise further by breaking out of the 21-day moving average and keeping the price above the 9-day moving average. Therefore, any further bullish movement could carry the coin to the potential resistance levels of $14.0, $15.0, and $16.0.
However, according to the daily chart, if the bears break the $10.0 level, the Uniswap price may drop to the $7.0, $6.0, and $5.0 support levels. In addition, the 21-day moving average may need to remain above the 9-day moving average to hint at more bullish movements.
UNI/BTC could rise
In contrast to Bitcoin, Uniswap price is currently trading above the 9-day and 21-day moving averages. However, bulls might need increased buying pressure to enable the market price to touch the nearest resistance at 1800 SAT.
Therefore, if the buyers can push the price above the upper boundary of the channel, higher resistance may emerge at 2100 SAT and above. Moreover, if the bulls fail to drive the price higher, the nearest support level may be located at 1100 SAT and below. Moreover, the 21-day moving average appears to be suspended above the 9-day moving average, which suggests that buyers may dominate the market.
Here, @BabyyBlockChain informed his followers that $UNI has broken out of the descending channel and is expected to continue its upward movement to the upper resistance area.
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