Ethereum
$ 1,241.41 1.62%
Solana
$ 41.38 0.07%
Dogecoin
$ 0.068310 1.15%
ApeCoin
$ 5.15 14.24%
Bitcoin
$ 21,482.00 0.99%
BNB
$ 239.64 0.35%

Uniswap Price Analysis: UNI bulls preparing to rally, now at $20

MATIC USD price analysis

TL;DR Breakdown

  • Uniswap price analysis is bullish for today.
  • UNI/USD retested the previous low today.
  • UNI is rejecting further downside around $18

Today’s price analysis for Uniswap is bullish since the market has retraced and retested the prior low, with a rejection for additional declines. As a result, we anticipate UNI/USD to rebound over the next 24 hours and attempt to recover even more of its losses from earlier this week.

Over the previous 24 hours, the market as a whole has been negative. Bitcoin has dropped 3.86 percent, while Ethereum‘s price has decreased by 7.13 percent. Solana (SOL) is one of the most prominent losers, losing more than 10% of its value.

Uniswap price movement in the last 24 hours: Uniswap retests previous low at $18

UNI/USD is currently trading at $20, with a high of $20.53 and a low of $18.55 during the past 24 hours, suggesting moderate volatility over the previous day. Trading volume has decreased by 21 percent to $522 billion while market capitalization stands at roughly $13 billion, placing it in

UNI/USD 4-hour chart: UNI to rally overnight?

On the four-hour chart, we may see that the Uniswap price is once again repelling further declines as bulls prepare for another rally higher.

Uniswap price
UNI/USD 4-hour chart. Source: TradingView

The price action for United States dollars on Uniswap was extremely volatile over the previous week. UNI/USD could not rise higher and reverse to $28.5 after a surge to $31.

The price of UNI/USD began a decline from the beginning of July, when it reached $140.42, setting up a lower high at $30.The subsequent days saw a substantial drop in price, with UNI falling more than 30% to $21. Over the following days, resistance was found at $24.5, and after some consolidation, another spike lower was seen today.

The price of Uniswap quickly rebounded to the $21.5 level, establishing a higher low. We expect UNI/USD to rally further during the next 24 hours and attempt to reach new highs over the weekend as long as a further downturn is avoided.

Uniswap Price Analysis: Conclusion 

The UNI/USD price analysis is bullish for the next 24 hours, as the market retested the previous low before resuming its advance. We anticipate UNI/USD to rise above the current high and proceed higher over the weekend as long as the previous low remains intact.

While waiting for Uniswap to move further, read our articles on Wrapped Bitcoin, Decentralized Exchanges, as well as NFT Marketplace.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Arnold Kirimi

Arnold Kirimi

Arnold is a crypto and blockchain enthusiast. A communications expert with interest in hard-hitting journalism, he is always on the hunt for the latest events in the cryptocurrency world. He is inspired by what Bill Gates said, “Bitcoin is a technological tour de force.”

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Shiba Inu price analysis: SHIB continues to rise with $0.00001350 in sight
Polkadot price analysis: DOT price will break above the closest resistance level found at $ 9 over the weekend
Bitcoin price analysis: BTC slowly retests $21,500, ready to return lower?
Ripple price analysis: XRP price consolidates below $0.36, but bulls are optimistic

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users