Doge Pepe
Optimism
Pearl
Quantus
Bitway
Pons
NEAR Protocol
- The trading volume has increased by 93% in the last 24 hours.
- The UNI crypto price is up by 15% in just two days, indicating the buyers’ dominance.
According to the technical chart, the Uniswap (UNI) has witnessed a sharp directional move and has surged by 143% in a month. It has jumped by approximately 10% today and recorded a 52-week high of $14.83. In the last week of February, the UNI price triggered a pullback and has risen by 32% in just a few days.
Since February, the UNI crypto price has been bullish, and a positive spike of 54% was witnessed on February 23, 2024. The price has successfully defended the $10 mark and shown a bullish momentum of 47%.
The current market price of Uniswap is $14.70, up by 11.47% in the last 24 hours. The market capitalization is $8.80 billion, and according to the market cap, it ranks 17th in the cryptocurrency market. The 24-hour trading volume is $839.44 million, a rise of 93%.
Uniswap Crypto Price is at 52-week High; What’s Next?
The Uniswap crypto price has been in a bullish trend and is at a 52-week high. It has risen by 35% in a week, which shows the buyers’ strength, and is heading for the resistance level of $18, according to past data.
According to the technical chart, the UNI price has significantly stretched after the pullback. It may retrace near the $18 mark and invite new buyers to pump the price further. If the price extends to the $18 level and faces resistance, there may be a clash between buyers and sellers.
Buyers may lead the trend further if the price manages to sustain the $18 mark and gives a breakout to reach the $19 level. However, selling pressure can be expected if the UNI price fails to sustain the $18 mark and drops to the $17 level.
Alternatively, if the Uniswap crypto price faces resistance from $15 and falls, most buyers will be trapped at high prices and face their stop losses. It may lead to a sharp fall, and buyers may lose momentum.
Technical Analysis of UNI Price on 4-H Timeframe
In a 4-H time frame, the Uniswap crypto price has recently triggered a pullback and has jumped by 21.87% in just a few hours. According to the price action, the bullish trend may continue for a few hours.
The price may face resistance from the $16 mark and consolidate for some time. If the price faces resistance from the $16 mark and drops, then profit booking in the short term can be expected.
Buying momentum can be seen if it surpasses the resistance level and sustains. The UNI price has been in buyers’ grip, according to the technical indicators.
Conclusion
In conclusion, the Uniswap (UNI) crypto price has witnessed a significant surge in the past few weeks and is currently at a 52-week high. The trading volume has also increased significantly, indicating strong buyer dominance. According to technical analysis, the UNI price may face resistance at the $18 mark, and a clash between buyers and sellers may occur. Buyers may lead the trend even further if the price manages to sustain the $18 level and gives a breakout to reach the $19 level.
Technical Levels
Resistance: $17.50 & $20.00
Support: $12.00 & $10.50
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
