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Uniswap Price Analysis: UNI slowly retraces to $28.5, a higher low set?

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Uniswap price analysis is bullish today as the market found support at the $28.5 mark after a strong retracement yesterday. Therefore, we expect some bullish reaction to be seen later today as a new higher low is potentially set.

Uniswap Price Analysis: UNI slowly retraces to $28.5, a higher low set? 1
Cryptocurrency heat map. Source: Coin360

The overall cryptocurrency market traded in the red over the last 24 hours. The market leader, Bitcoin, lost 0.52 percent, while Ethereum was down by 1.56 percent yesterday. Meanwhile, Litecoin (LTC) was the best performer from the major altcoins, with a gain of 11.5 percent

Uniswap price movement in the last 24 hours: Uniswap finds support at $28.5

UNI/USD traded in a range of $28.38 – $29.76, indicating mild volatility over the last 24 hours. Trading volume has increased by 22.79 percent and totals $842.58 billion, while the total market cap trades around $17.76 billion, ranking the coin in 11th place overall.

UNI/USD 4-hour chart: UNI set to reverse?

On the 4-hour chart, Uniswap price has set a slight reaction from the $28.5 support, potentially indicating a reversal.

Uniswap Price Analysis: UNI retraces to $28.5, a higher low set?
UNI/USD 4-hour chart. Source: TradingView

Uniswap price action has struggled to break past the $31 resistance over the past weeks. After initially reaching the resistance on the 16th of August, UNI/USD saw a strong retracement to $25.

From the $25 support, UNI/USD made a lowe thigh around $29 and reversed to retest the $25 support. What followed was another strong rally higher at the beginning of this week, with the $31 resistance retested.

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Since Uniswap price action was not yet ready for further highs, the market reversed and retraced to the $28.5 support over the last few days. However, since support was found, we expect UNI/USD to reverse and move higher over the next 24 hours as bulls prepare for another attempt at breaking the $31 significant resistance.

Uniswap Price Analysis: Conclusion 

Uniswap price analysis is bullish for today as the market retraced to the $28.5 support over the last 24 hours and saw a bullish reaction from there. Therefore, we expect UNI/USD to see further upside later today as the market has potentially set another higher low. 

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

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Uniswap Price Analysis: UNI retests $18.3 support, prepares for a rally higher?

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  • Uniswap price analysis is bullish for today.
  • UNI/USD saw another rejection above $18.3 support yesterday.
  • Uniswap currently prepares for another rally.

Uniswap price analysis is bullish today as the market has rejected further downside at $18.3 for the second time this week. Therefore, we expect UNI/USD to reverse and look to set a higher high early next week.

Uniswap Price Analysis: UNI retests $18.3 support, prepares for a rally higher? 1
Cryptocurrency heat map. Source: Coin360

The overall market traded mostly in the green over the last 24 hours. The market leader, Bitcoin, is up by 1.24 percent, while Ethereum has gained 0.13 percent. Cardano (ADA) is the top performer right now, with an increase of 8.66 percent.

Uniswap price movement in the last 24 hours: Uniswap saw another spike to $18.3

UNI/USD traded with a moderate amount of volatility over the last 24 hours. Trading volume has declined by 32.07 percent and totals $312.8 billion, while the total market capitalization trades around $11.76 billion, ranking the coin in 14th place overall.

UNI/USD 4-hour chart: UNI set to reverse? 

On the 4-hour chart, we can see the Uniswap price currently gathering momentum before another push higher is likely seen tomorrow. 

Uniswap Price Analysis: UNI retests $18.3 support, prepares for a rally higher?
UNI/USD 4-hour chart. Source: TradingView

Uniswap price action has traded with a strong bearish momentum this month. After peaking around the $31 mark, we saw a rapid decline on the 7th of September, followed by several days of consolidation and a rally to $27, where a lower high was set.

Last week, another drop lower began, resulting in a further loss of more than 30 percent. Support was found above $18.3, with a clear rejection followed by a move above $21.5 previous support turned resistance.

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However, yesterday, bears took over the momentum again, sending UNI/USD back to the $18.3 support. Another rejection was seen above the support, indicating that the Uniswap price action is ready to reverse and move higher early next week.

Uniswap Price Analysis: Conclusion 

Uniswap price analysis is bullish as the $18.3 prevented further downside once again yesterday after a quick spike lower. Therefore, we expect UNI/USD to reverse and look to set a higher high early next week.

While waiting for Uniswap to move further, read our guides on Decentralized Exchanges, NFT Crypto, as well as Bitcoin Memes.

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Uniswap Price Analysis: UNI sets lower low at $18.3, ready to reverse today?

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Uniswap price analysis is bullish today as a rapid spike lower was seen overnight, resulting in a lower low set at $18.3. However, considering that further downside was quickly rejected, we expect UNI/USD to reverse today and return above the $21 support.

Uniswap Price Analysis: UNI sets lower low at $18.3, ready to reverse today? 1
Cryptocurrency heat map. Source: Coin360

The overall market traded in the red over the last 24 hours, with the market leader, Bitcoin, down by 2.85 percent. Meanwhile, Ethereum has lost 4.4 percent, with worse performance for other top altcoins such as Solana and Filecoin.

Uniswap price movement in the last 24 hours: Uniswap spikes to $18.3

UNI/USD traded in a range of $18.47 – $21.54, indicating significant volatility over the last 24 hours. Trading volume has decreased by 10.31 percent and totals $539.4 million, while the total market cap trades around $12.37 billion, ranking the coin in 13th place overall.

UNI/USD 4-hour chart: UNI looking to return above $21 today?

On the 4-hour chart, we can see the Uniswap price gaining momentum over the past hours as bulls want to push back above the $21 support.

Uniswap Price Analysis: UNI sets lower low at $18.3, ready to reverse today?
UNI/USD 4-hour chart. Source: TradingView

Uniswap price action has seen a strong bearish momentum return this week. After an initial drop from the $31 high at the beginning of September, UNI/USD consolidated above $21 support.

From there, a strong move higher took the market to the $27 mark, where a significant swing lower high was set. However, UNI did not stay at this price level for long as bearish momentum took over again.

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The Uniswap price saw another drop of 30 percent, resulting in the current low set at $18.3. Considering the overall price action development, we expect UNI/USD to reverse later today and look to regain more of the loss over the remainder of this week.

Uniswap Price Analysis: Conclusion 

Uniswap price analysis is bullish for today as a new swing low has likely been set at $18.30 after another spike lower overnight. Therefore, we expect UNI/USD to reverse higher later today and move back above the $21 support.

While waiting for Uniswap to move further, read our guides on Decentralized Exchanges, NFT Crypto, as well as Bitcoin Memes.

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Uniswap Price Prediction 2021 – 2022: Market Analysis and Opinions

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Uniswap Price Prediction | Introduction

Uniswap price prediction is setting targets for 2021-2022; analysts predict what next for UNI, which seeks to democratize finance by replacing legacy, middlemen. The project, if successful, will disrupt every aspect of banking, lending, and trading. 

At press time, UNI was trading at $21.95, according to data available on CoinMarketCap. In that effect, Uniswap commands an impressive market cap of around $13 billion, of which the fully diluted market cap stands at $21 billion. It ranks 12 on the market. 

With plenty of UNI price prediction floating online and in trading communities, which ones make the most sense. Keep on reading to find out the road ahead for Uniswap. Here’s how that might play out. 

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Uniswap Price Prediction: Technical Analysis

It is not at all unusual for a cryptocurrency to spot a major uptrend followed by a lengthy consolidated period. That is the case of UNI today, and many short-term time frame traders are bound to grow increasingly impatient and sell long before they should. However, a properly employed investment strategy is vital because this consolidating crypto is well worth watching. 

Uniswap price prediction crushed from mid-July to mid-August; UNI jumped from $14.6 in July to $31.46 by August. However, this price still falls short of its all-time highs in the $40 neighborhood. Still, UNI managed to skate past the best guesses of top crypto analysts. After posting this better-than-expected price action, we find guidance to estimate where UNI is headed next. 

Uniswap Price Prediction
Source: TradingView

So what happened? For the better part of four weeks, UNI broke past 20-day moving averages in a show of strength, bursting through key resistance levels, but failed to break past the resistance level at $31.2. It just wasn’t time for UNI to launch a campaign to break past the historical all-time high. However, it might just be possible that the bearish setup is attempting to test support at $25.4 before rising to make this breakout. 

The most frustrating part about UNI is that the bearish descending is growing increasingly strong, judging by the candlestick formation. While the setup is still ripe for correction on the support line, you should proceed with caution. Besides, the broader market is at a positive juncture, and UNI is bound to submit to market momentum. 

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Uniswap Price prediction
Source: TradingView

Notice the price action in the chart above; Uniswap boasts a rate that is proportionately higher than Bitcoin price prediction. Both Bitcoin and Uniswap have been making decent moves, but take note of every time both assets appear to converge and move in synch, it is always followed by a boost of strength on Uniswap. 

Therefore, while the short-term bear movement looks strong, the support line should hold with a false breakout, of course. A bullish reversal is coming on the heels of strong technical and fundamentals. Another major component to boost your confidence in this Uniswap price prediction is the idea that Uniswap is in a strong area of the cryptocurrency market. 

The RSI is approaching an all-time low point, currently trending on 30, which is bearish. RSI is near oversold, but it doesn’t tell the entire picture. The DMI is also bearish and stays above the ADX and DMI+ lines. Regardless, UNI is all set up to be a supportive environment for the remainder of the year. 

Looking at the normal seasonal tendencies and comparing them to actual prices can lead us to spot things, which is where the daily chart shows its importance. If you scroll back just a little, you can see the consolidation pattern repeating itself. End of Year seasons has a solid reputation as a profitable time for cryptocurrencies. This year, that good stuff is likely to wrap itself on Uniswap crypto early in the month and then surprise a bunch of skeptics. 

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Uniswap Price Prediction: Market Opinions

Cryptocurrency forecasting technologies use computing power and the bulk of easily accessible data to chart the path of your favorite cryptocurrencies. So, what do these AI-powered solutions say about UNI price prediction? 

WalletInvestor

WalletInvestor, for starters, is painting a slightly bearish picture of the fate of Uniswap in September 2021. However, its Uniswap price prediction in one year is $58.95, which is double the current trade price of the crypto token. With such an exceptional surge in value, Uniswap could solidify its place as a De-Fi cryptocurrency leader. 

TradingBeast

The price of Uniswap is projected to reach $22.96 by the start of October 2021 and $28 within a year, according to TradingBeast. That’s the second short-term bearish forecast given for Uniswap price prediction and the first with a long-term projection, a worrying sign for a cryptocurrency that is at the peak of its significance in the market.  

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CoinQuora

The onset of bearish predictions for Uniswap in 2021 continues as CoinQuora also projects a bearish short-term future is projecting $13.9 as the end of year trading price. However, the bearish sentiments should not live long as UNI could soon rise to a trade in a range of $31.5 to $45.3 and perhaps rise to reach $60 based on technical metrics. 

DigitalCoin

It is only a matter of time before Uniswap doubles in value, according to DigitalCoin forecast. The Uniswap price prediction is that UNI will triple its value by 2025 but will drop to $22 by the end of September 2021. By 2022, the chances are that Uniswap could surge up to $45, which is already double what the price might be at the end of the month. 

Gov.Capital

Despite the prominent dip in technical confidence, some forecast services remain optimistic that Uniswap can and will rise again. Gov.Capital, for instance, has its money on UNI surging a tick high by the start of October, kicking things of at $29 to close the year at $36.5. Riding on the same sentiments, Uniswap could rise to $64 within a year. 

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The opinion is also divided on Uniswap among the pro-trader community. For starters, Signal Centre breaks down key metrics to support the idea that Uniswap is a mildly bullish bet as it faces the bespoke resistance level at $27.60. However, JF Caldwell is bearish but cautions traders that a bullish outcome is still likely in the long run. These were the market opinions about Uniswap price prediction.

Latest News and Happenings Concerning Uniswap

Starting with some bad news, the SEC is launching a probe into Uniswap. The regulators are looking into the structure and inner workings of the decentralized exchange, which happens to be the largest in the market today. It suggests that users trading on the platform might be avoiding local regulations. 

The probe by the SEC could usher in a new era of SEC enforcement on decentralized platform turf. The outcome of this investigation could charter the road ahead for a decentralized finance application. While this news can be regarded as potentially bad for Uniswap, it only seeks to solidify its position as a market leader for decentralized finance and perhaps a lens upon which industry observers can determine the future of the industry. 

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In other news, token holders have a lot to smile about as Uniswap has just crossed $1B generated in fees from liquidity providers. Uniswap is the first decentralized finance protocol to achieve such a milestone, hopefully the first of many milestones for the protocol. The De-Fi-driven surge in activity on Uniswap price prediction is already attracting institutional investors. 

 As institutional investors dominated the De-Fi scene in Q2 of 2021, Uniswap is one of the protocols that enjoyed the most attention from big-money players. Despite the interest of SEC in its operations, investors are still bullish on the future of Uniswap as a leading DeFi protocol. While the news still punctured the short-term future of Uniswap, the long-term prospects are still bright, and this is only time to go long. 

Uniswap Price Prediction: Verdict

September 2021 might just be a sweet spot for UNI to stage a substantial rally. Now is the time to buy before Uniswap Price Prediction materialize. In this special presentation, we’ve looked at the best and worst-case scenarios for UNI price prediction. Now, the ball is in your court. 

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