- Uniswap price analysis is bullish.
- UNI/USD broke below $26 today.
- Next resistance at $28.5.
The Uniswap price analysis is bullish today, as the previous swing high was broken earlier today, with bull momentum continuing to push higher. As a result, we anticipate that UNI/USD will rise further in the coming 24 hours.
Uniswap price movement in the last 24 hours: Uniswap breaks below $26
The price of UNI/USD, representing the value of an ounce of gold, fluctuated within a range of $25.52 to $27.89 during the previous 24 hours. The volume decreased by 8.73 percent and stands at $533 million, while the market capitalization is about $16 billion, putting it in 11th place.
UNI/USD 4-hour chart: UNI to attain $27.5 today?
On the 4-hour chart, Uniswap’s price is continuing to rise, implying that it will reach $28.5 later today.
For most of the month, Uniswap price action has been confined in a sideways range. The next retracement resulted in a consolidation zone formed around $24-$26, which persisted until the beginning of November.
On the 11th of October, as UNI/USD fell to a new swing low of $22.5, it triggered a new downtrend. After that, UNI reversed course throughout the middle of the week, eventually reaching the $27 previous swing high.
A sharp sell-off on Saturday sent UNI/USD futures crashing through $25.5, the first time it had fallen below $30 since July 5 of last year, resulting in consolidation during the night. Uniswap’s price has recovered its momentum today, surpassing the $27 previous resistance level. Overall, we expect UNI.
Uniswap Price Analysis: Conclusion
The price of UNISWAP is on the rise today, as a significant push higher was observed earlier after a minor retreat overnight. As a result, we expect UNI/USD to continue rising and aim for $28.5 next.