• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Uniswap Analysis: Potential Price Surge to $24

Uniswap Analysis: Potential Price Surge to $24

user avatar

by Giorgi Kostiuk

a year ago


The digital currency Uniswap (UNI) continues to draw traders' attention, with analysts pointing to a bull flag forming on the chart. This may indicate further price increase.

Uniswap Chart Analysis

The UNI chart displays a bull flag with an initial significant price surge followed by a phase of slight decline, forming the flagpole. This consolidation phase is what traders anticipate ending in a breakout. The consolidation is occurring within well-defined flag boundaries of support and resistance.

UNI Key Support and Resistance Levels

Currently, UNI's price is testing the $15 support level, previously a strong base. Overcoming the $18-20 resistance range could lead to the forecasted $24 target. A significant push above $18 is expected to trigger rapid upward movement.

Volume Analysis and Potential Breakout

Trading volume is crucial in confirming a bull flag breakout. Recent weeks have shown increased interest in UNI, which is reflected in rising trading volumes. This suggests traders are positioning for a move. If the range of $18-20 is broken, the price target of $24 looks increasingly likely.

The current price movements of UNI suggest the potential for significant growth if key levels are breached. Traders continue to monitor the pattern's development, which may lead to a rise in the token's value.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Shows Moderate Resilience Despite Recent Market Volatility

chest

Bitcoin has shown moderate resilience, climbing over 16% to trade around $70,000, despite significant losses in the past week and month.

user avatarAndrew Smith

US Snowstorm Leads to Major Decline in Bitcoin Hashrate

chest

A recent snowstorm in the US has caused a significant drop in the Bitcoin Hashrate, with American miners reducing their electricity consumption to ease pressure on the power grid.

user avatarAyman Ben Youssef

Analyst Discusses Changes in Crypto Market Cycles

chest

Analyst Altcoin Sherpa discusses the evolving cycles of the cryptocurrency market, highlighting a shift to hyper-accelerated trends and advising investors to capitalize on shorter rallies.

user avatarTando Nkube

Bitget CEO Predicts Growth in Real-World Asset Sector

chest

Gracy Chen, CEO of Bitget, predicts significant growth in the Real-World Asset sector by 2030, while expressing skepticism about the future of altcoin seasons.

user avatarJacob Williams

Emerging Inverted Altcoin Season Observed

chest

Market analyst Ali Martinez indicates a new 'inverted altcoin season' in the cryptocurrency market, marked by structural breakdowns of altcoins instead of traditional rallies.

user avatarZainab Kamara

Bitcoin Mining Difficulty Expected to Drop by 13% Due to Hashrate Disruption

chest

Bitcoin mining Difficulty is expected to decrease by 13% on February 6th due to disruptions from a recent snowstorm in the US.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.