The post Uniswap Price Prediction: Can UNI Price Slingshot To $15 In Q4? appeared first on Coinpedia Fintech News
The Uniswap (UNI) price has recorded a strong bullish recovery over the past few days amid increased price volatility in the crypto market. Moreover, with a potential breakout, this altcoin hints at a potential surge toward its target level of $15 this Q4!
However, the resistance trendline around $7.695 plays a vital role in the short-term price action of this trending Ethereum-based crypto token. Will UNI price record a new multi-month high soon? Scroll down to find out!
UNI Coin Price On The Brink Of A Major Breakout?
The Uniswap project has continued gaining momentum by adding ~7% in the past 24 hours with a trading volume of $173.86 million, a change of +66.76%. Moreover, it has jumped 13.78% over the past week and 17.16% during the past month.
Moreover, it has formed a triangle pattern in the 1D time frame and has continued trading within it since August. Notably, it is hovering close to its resistance level and is on the verge of testing it. However, the outcome of this event is uncertain.
Uniswap Technical Sentiments
While the EMA 200-day acts as a resistance to the price chart in the 1D time frame, the 50-day EMA has recorded increased bullish sentiment. This suggests a high possibility of a golden cross in the UNI crypto price chart.
The Relative Strength Index (RSI) has successfully regained momentum and recorded a sharp rise toward its overbought range in the price chart. This highlights that the Uniswap token may continue gaining value during the upcoming week.
Will UNI Price Go Up In 2024?
Suppose, a bullish breakout occurs, in that case, the Uniswap crypto could retest its resistance level of $9.550 in the coming week. Moreover, if the market holds the price above that level, it could set the stage for this altcoin to surge toward its next major resistance level of $11.475.
On the flip side, if the bears regain control over the market, the UNI coin could retest its support trendline of the triangle pattern. Furthermore, if the bearish sentiment gains momentum, this would result in the Uniswap token dropping toward its crucial low of $5.725.
Wondering about the long-term prospects of this ETH-based project? Read, our Uniswap (UNI) Price Prediction 2024 – 2030
