Uniswap Analysis: Potential Price Surge to $24

Uniswap Analysis: Potential Price Surge to $24

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

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.