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Uniswap Price Analysis: UNI finds support above $25 and tests the $26 price level

UNI price analysis

TL;DR Breakdown

  • Uniswap price analysis is bullish today.
  • UNI/USD set a higher low at $24.5 over the weekend.
  • Uniswap currently tests the $26 mark.

The Uniswap price is rising today, as we saw a significant recovery after a drop to $24.5 over the weekend. As a result, we anticipate UNI/USD to rise further, with the next significant barrier at $27.5

Uniswap Price Analysis: UNI finds support above $25 and tests the $26 price level 1
Cryptocurrency heat map. Source: Coin360

The overall market traded with bullish momentum over the last 24 hours. Bitcoin gained 3.87 percent, while Ethereum 1.98 percent. Meanwhile, ADA is among the top performers from the major altcoins, with a gain of 6 percent.

Uniswap price movement in the last 24 hours: Uniswap returns above $25, prepares to move higher

During the day, UNI/USD was confined to a range of $26.15 – $26.98, suggesting little market volatility over the last 24 hours. Volume has risen by 29.48 percent and is valued at $237 million, placing it 14th overall in terms of market capitalization.

UNI/USD 4-hour chart: UNI set to move higher?

The Uniswap price is demonstrating strong bullish behaviour, testing the $26 level on the 4-hour chart today.

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

After a four-month period of optimism, the Uniswap price started to move downward again in late October. After several attempts at $27.5 during the second half of October, a slightly higher high was established at $28.4 before a significant fall occurred on the 27th.

UNI/USD began to recover last week, reaching a high of $27.5 on the 4th of November. Over several days, another powerful retracement followed, resulting in UNI leaping to $24.5.

UNI/USD began to recover over the weekend, climbing above $25. A modest increase took UNI/USD below $26 overnight, followed by a pause.

Uniswap Price Analysis: Conclusion 

UNI/USD is trading around $26 after a higher low was established on Sunday, with additional gains expected over the next 24 hours. As a result, we are bullish on UNI/USD going forward because more upside should follow later today.

While waiting for Uniswap to move further, read our guides on NFT tokens, Gemini Exchange Review, and Sunacrip.

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.
Richard Adrian

Richard Adrian

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience - Cryptopolitan.

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