Friday, May 16, 2025
  • About us
  • Economic Calendar
  • Price Predictions
  • Coins Alerts
  • Crypto Portfolio Tracker
  • Exclusively from Our Partners
Cryptheory
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
Cryptheory
No Result
View All Result

Uniswap analysis – The price of UNI is encouraging

by cryptheory
April 5, 2025
in Analysis
Reading Time: 5 mins read

Uniswap has bounced back since the sharp sell-off on June 10, up 66 percent to currently 6.04 USD to the north. After the UNI price was able to regain the red downward trend line at the beginning of the month, a breakout above the average line of the last 200 days (EMA200) (blue) followed in the last few trading days. This liberation has brightened the chart of the in-house stock token of the world’s largest decentralized crypto exchange. One possible reason is that Development of Uniswap version 4. The significant increase in trading volume on the leading DEX also seems to be bearing fruit. Although a new crypto law in the USA could mean additional headwind for projects in the field of decentralized finance, the declaration of war by US politicians does not seem to have a negative impact on Uniswap’s price development so far.

As assumed in the last price analysis from June 13th, after the sell-off in the previous month, the sell-off seems to have stopped for the time being. If the buyer side succeeds in stabilizing the price above the cross support from EMA200 and horizontal support in the orange zone, a further price increase in the direction of the golden pocket at 6.61 US dollars is to be planned. As long as Uniswap doesn’t break below the Supertrend and red downtrendline support at 5.03 USD, the buy side will hold the reins for now.

Price Analysis Uniswap (UNI) 07/20/2023
Course analysis based on the pair of values UNI/USDT on Binance

Uniswap: Bullish price targets

Bullish price targets: 6.48 USD/6.67 USD, 7.38 USD/7.65 USD, 8.20 USD, 8.99 USD/9.28 USD, 9.82 USD, 11.00 USD, 12.20 USD/13.01 USD.

In the last 24 hours of trading, UNI is up 3.4 percentage points, bringing the weekly gain to 13.8 percent. Now, if Uniswap stabilizes above the orange support zone, the upside is likely to extend towards the 6.48-6.67 USD yellow resistance area. A short-term directional decision can be expected in the Golden Pocket area. This zone acted as a strong price hurdle several times in March and April. Only when Uniswap recaptures this chart area at the daily closing price should the buyer side target the high for the year between USD 7.38 and USD 7.65.

Here, increased profit-taking is to be expected in the first attempt. Should this strong resistance area also be pulverized in the medium term, the probability of a subsequent rise back above the intermediate station at 8.19 USD towards the summer highs of 2022 between 8.99 and 9.28 USD increases noticeably. If the bulls succeed in jumping above this resist area and the high of July 28, 2022 at 9.82 USD is also recaptured, the path towards 11.00 USD would be clear.

Then the trailing edge between 12.20 and 13.01 USD would be within reach again. The 127 Fibonacci Extension also runs here. Given the relevance of this chart area, this zone represents the maximum price target for the coming months.

Bearish price targets for the coming trading weeks

Bearish price targets: 5.82 USD/5.63 USD 5.20 USD/5.03 USD, 4.80 USD, 4.47 USD, 4.04 USD, 3.63 USD, 3.35 USD, 2.95, USD

The bears had to let the buyer side have their way last. Only a relapse below the EMA200 could initiate a new course consolidation. Then there should be a directional decision in the area of ​​the turquoise zone. The supertrend paired with the always relevant chart technical area between 5.20 US dollars and 5.03 US dollars represents an important support. The buyer side should already counteract this more clearly in order to avert a fall below the downward trend line.

However, if this area is permanently undercut, the chart picture will cloud over again in favor of the seller camp. If Uniswap then breaks the horizontal support at 4.80 USD, further downside potential towards $4.47 will be activated. If this support level also fails, a retest of the horizontal support at 4.04 USD should be planned. This mark was defended several times on a daily basis in June.

If, contrary to expectations, the UNI price does not stabilize here, a retest of the previous month’s low of USD 3.64 is likely. The buy side needs to be there and defend this level on an end of day basis to form a double bottom. However, if this important support level is abandoned, the focus will be on the previous year’s low of 3.35 USD as the maximum price target on the downside.

Looking at the indicators

The RSI as well as the MACD indicator show stable buy signals in the daily chart, but appear overbought in the short term. In addition, the 4-hour chart shows bearish divergences for both indicators. Therefore, a consistency test of the orange support area must be scheduled at any time.

On a weekly basis, the RSI is about to form a fresh buy-signal at 54. A jump from the neutral zone to the north would develop further price potential from a general perspective. The MACD has also activated a slight long signal, but is trading well below its 0 line.

  • Author
  • Recent Posts
cryptheory
cryptheory
Core team behind Cryptheory Labs and website Cryptheory.org.
cryptheory
Latest posts by cryptheory (see all)
  • Why Online Advertisers Should Request Website Traffic Data from Google Analytics Instead of Using SEO Tools Like MOZ or Ahrefs? - March 24, 2025
  • North Carolina’s Bold Move: State Bill Proposes Investing 10% of Public Funds in Bitcoin - March 22, 2025
  • Justin Sun Stakes $100 Million in Ethereum on Lido – What Does It Mean for the Market? - March 19, 2025
Tags: AnalysisUniswap
Previous Post

Declaration of war on DeFi in USA

Next Post

Passive ETH income – Lido Staked Ether (stETH)

Related Posts

Ethereum is Waking Up: What On-Chain Data Really Says
Analysis

Ethereum is Waking Up: What On-Chain Data Really Says

May 14, 2025
Pudgy Penguins (PENGU) Price Analysis: The Pudgy Pump, The Chilly Dump, and What Comes Next
Analysis

Pudgy Penguins (PENGU) Price Analysis: The Pudgy Pump, The Chilly Dump, and What Comes Next

April 30, 2025
FLOKI Price Analysis: Is This Pump for Real or Just Another Meme-Fueled Tease?
Analysis

FLOKI Price Analysis: Is This Pump for Real or Just Another Meme-Fueled Tease?

April 28, 2025
BCH, bitcoin cash
Analysis

Bitcoin Cash on the Edge: Will BCH Pump or Just Take a Dump?

April 24, 2025
Litecoin Price Analysis: Will LTC Pump or Just Play With Our Emotions Again?
Analysis

Litecoin Price Analysis: Will LTC Pump or Just Play With Our Emotions Again?

April 22, 2025
Ethereum Price Analysis: Is ETH Rising from the Ashes, or Just Grabbing a Snack Before Another Fall?
Analysis

Ethereum Price Analysis: Is ETH Rising from the Ashes, or Just Grabbing a Snack Before Another Fall?

April 14, 2025
Bitcoin (BTC/USD) Technical Analysis – April 4, 2025
Analysis

Bitcoin (BTC/USD) Technical Analysis – April 4, 2025

April 4, 2025
XRP Price Analysis – Bullish Continuation or a Fakeout?
Analysis

XRP Price Analysis – Bullish Continuation or a Fakeout?

March 24, 2025
Shiba Inu (SHIB) Price Analysis – The Dog Coin on a Leash or Ready to Run?
Analysis

Shiba Inu (SHIB) Price Analysis – The Dog Coin on a Leash or Ready to Run?

March 24, 2025
Track all markets on TradingView
Score: 0
Game Over

Popular

Let’s Be Honest: Most Crypto Projects Are Just Bullshit Wrapped in a Sexy Website

Let’s Be Honest: Most Crypto Projects Are Just Bullshit Wrapped in a Sexy Website

May 15, 2025
Want Real Gains? Screw Bitcoin!

Want Real Gains? Screw Bitcoin!

April 21, 2025
BCH, bitcoin cash

Bitcoin Cash on the Edge: Will BCH Pump or Just Take a Dump?

April 24, 2025
Ethereum is Waking Up: What On-Chain Data Really Says

Ethereum is Waking Up: What On-Chain Data Really Says

May 14, 2025
How to Start Trading Crypto Without Screwing Yourself Over: A Beginner’s Guide

How to Start Trading Crypto Without Screwing Yourself Over: A Beginner’s Guide

May 1, 2025
How to Store and Use Crypto During the Apocalypse: The Ultimate Survival Guide for the Digital Age

How to Store and Use Crypto During the Apocalypse: The Ultimate Survival Guide for the Digital Age

April 22, 2025
2025 On-Chain Trends: Bitcoin Rules the Battlefield — Altcoins? Total Carnage

2025 On-Chain Trends: Bitcoin Rules the Battlefield — Altcoins? Total Carnage

April 25, 2025
Ethereum Is Just a Pricier Solana – Let the Maxis Rage All They Want

Ethereum Is Just a Pricier Solana – Let the Maxis Rage All They Want

May 14, 2025
Bitcoin Addresses Activity 2025: Is the Network Still Alive or Just Hungover?

Bitcoin Addresses Activity 2025: Is the Network Still Alive or Just Hungover?

April 29, 2025
FLOKI Price Analysis: Is This Pump for Real or Just Another Meme-Fueled Tease?

FLOKI Price Analysis: Is This Pump for Real or Just Another Meme-Fueled Tease?

April 28, 2025

⭐ What Type of Crypto Investor Are You?

1. How do you buy crypto?

2. What do you do when a coin drops 50%?

3. How do you follow the market?

4. How long have you been in crypto?

5. Your biggest mistake?

6. What do you think about CBDCs?

7. Funniest crypto meme?

8. Do you believe in Bitcoin as the future?

9. How many coins do you hold?

10. How do you feel in a bear market?

Crypto News

Bitcoin

Ethereum

Altcoins

Cryptocurrency

Platforms for Copy Trading

Platforms for Grid Trading

Glossary of trading and crypto terms

Crypto Portfolio Tracker

 

Guest Post for Free

On our website, you can share your opinions and insights. This feature is reserved for non-promotional articles. We are already working on a system for donations and rewarding every author.

This website is here for those of you who want to be at the forefront of innovation and new technologies like Bitcoin. But first, we need to tackle the challenges and survive in the unforgiving world of crypto assets. THIS IS CRYPTHEORY!

Follow Us

  • Terms Of Use
  • Privacy Policy
  • About us
  • Contact us

© 2024 Cryptheory - F**k the forex, we want gains!

Shiba Inu loading
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions

© 2024 Cryptheory - F**k the forex, we want gains!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.