• 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

Bitcoin's Cryptography Faces Quantum Threat at ETH Denver

chest

Experts at ETH Denver discussed the vulnerabilities of Bitcoin's cryptography in a post-quantum world, highlighting risks from Shor's algorithm and potential consequences for Bitcoin ownership.

user avatarLi Weicheng

Options Market Shows Shift in Volatility Expectations

chest

Data from the Bitcoin options market indicates a notable change in volatility expectations, with traders beginning to expect less immediate volatility.

user avatarAisha Farooq

Metaplanets CEO Defends Bitcoin Purchases Amid Criticism

chest

Simon Gerovich, CEO of Metaplanets, defends the company's Bitcoin purchases and trading strategies, emphasizing transparency and countering misinformation.

user avatarMohamed Farouk

Metaplanets Reports Heavy Net Loss Despite Strong Revenue from Options

chest

Metaplanets reported a heavy net loss of approximately $680 million for fiscal 2025, despite strong revenue of $89 million from options trading.

user avatarBayarjavkhlan Ganbaatar

Bitcoin Faces Quantum Computing Discount Risk

chest

New research indicates that Bitcoin's fair value could be discounted by up to 60% by 2028 due to Quantum Computing threats.

user avatarTenzin Dorje

Retail Investors Face Billions in Losses from TRUMP and MELANIA Memecoins

chest

Retail investors have incurred over $4 billion in losses on the official TRUMP and MELANIA memecoins, which have plummeted significantly since their launch.

user avatarElias Mukuru

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.