TL;DR Breakdown
- Uniswap price analysis is bullish today.
- UNI/USD continued to consolidate above $26.
- Closest resistance lies at $27.
The analysis of UNISWAP’s price is now bullish, as a higher low has been established above $27 following a several-day consolidation. As a result, we anticipate that UNI/USD will rise over the next 24 hours and perhaps challenge the $27 price barrier.
The overall cryptocurrency market is entirely green with all digital assets trading bullishly for the past 24-hours. Bitcoin crossed the $65,000 mark after a 1.54 percent rise where it set a new all-time high. Ethereum posted a record gain of 8.43 percent and broke above $4,178.
Uniswap price movement in the last 24 hours: Uniswap continues to consolidate above $25
UNI/USD is trading in a range of $26.31 – $27.9, implying little volatility during the last 24 hours. Volume totals $236 million, putting the coin in 11th place overall among a market cap of roughly $15.8 billion and trading volume of about $236 million.
UNI/USD 4-hour chart: Ready to test $27 next?
On the 4-hour chart, we can see a favorable trend slowly developing as Uniswap prices cross the $27 level.
Following a particularly strong advance at the end of September, UNIS/USD has been unable to gain further ground. After breaking the previous high of $26 on October 1, UNI/USD established another peak at $27 later that day.
The price then consolidated around $25 for several days. On October 11, Uniswap finally broke, falling to $22.5. A reversal ensued, pushing UNI/USD towards a new high at $28.
Since then, the Uniswap price has consolidated above $25 before moving higher. Overall, unless the Uniswap price drops below the $25 support level later this week, we believe that there will be further gains in the near future.
Uniswap Price Analysis: Conclusion
The price of Uniswap is currently in an uptrend, and it has established a higher high after consolidation over the previous 24 hours. As a result, we anticipate UNI/USD to rise further today and possibly reach $27 before declining.
While waiting for Fantom to move further, read our guides on LTC wallets, Gero wallets, and Defi wallets.
