• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Uniswap Continues Its Ascent, Reaching a Five-Month High

user avatar

by Giorgi Kostiuk

a year ago

Uniswap (UNI) has seen a significant price increase, reaching levels not observed in five months, indicating a potential further bullish trend.

Uniswap Price Surge

On Tuesday, November 12, the price of UNI rose from $9.16 to $10.76 within one hour, marking a 17.46% increase. This movement reached its highest point in five months.

Technical Indicator Analysis

The On-Balance Volume (OBV) indicator shows consistent buying interest with higher lows, while the Relative Strength Index (RSI) is at 68, indicating sustained buying momentum with no signs of an imminent reversal. These factors suggest that Uniswap’s price is likely to continue rising.

Future Expectations

The Fibonacci retracement tool identifies $9.93 and $11.29 as upcoming resistance levels. Market analysis points to a likelihood of the $11-$12 price range being tested in the coming weeks, reflecting a positive market outlook for Uniswap.

The market analysis indicates that Uniswap (UNI) is on a positive trend with hopes of reaching even higher levels in the near future. Key technical indicators suggest sustained buying interest and potential further growth.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mutuum Finance Progresses to Phase 2 in Development Journey

chest

Mutuum Finance is progressing in Phase 2 of its development lifecycle, focusing on technology development and preparing for its mainnet launch.

user avatarSatoshi Nakamura

Virtual Protocol (VIRTUAL) Sees Significant Price Increase

chest

Virtual Protocol (VIRTUAL) is currently trading in the $1.20-$1.50 range and has experienced a notable 30-day gain of 70-90%. With a recent 24-hour high of $1.63 following a breakout, VIRTUAL presents a moderate investment opportunity for those looking to enter the cryptocurrency market at a lower cost while still benefiting from potential growth.

user avatarJesper Sørensen

Aerodrome Finance (AERO) Breaks Key Resistance Levels

chest

Aerodrome Finance (AERO) is currently trading around $1.14-$1.16 and has shown significant breakout signs by breaking above key resistance levels.

user avatarRajesh Kumar

New Crypto Tokens Show Breakout Potential Similar to Solana

chest

Investors are currently eyeing three new tokens that exhibit breakout patterns reminiscent of Solana's past success.

user avatarFilippo Romano

Little Pepe (LILPEPE) Presale Surpasses $274 Million

chest

The presale for Little Pepe (LILPEPE) has raised over $274 million, showing strong community interest and potential for significant returns.

user avatarLucas Weissmann

How Market Structure Influences Volatility Strategy

chest

The article discusses the critical role of market structure in determining volatility management strategies, emphasizing the differences between Exchange-Traded Derivatives (ETD) and Over-the-Counter (OTC) markets.

user avatarEmily Carter

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.