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During today’s European session, the Uniswap price forecast starts a progressive move as the price rises slightly.
Uniswap’s UNI hits $10.60 amid speculation about new Layer-2 support
UNI, the native token of the decentralized exchange Uniswap, has risen 9% to become the biggest gainer in the crypto market today. Currently, UNI is trading at $10.60, reflecting an increase of 8.05% in the last 24 hours.
Uniswap prediction stats:
- Uniswap price now: $10.52
- Uniswap market cap – $6.2 billion
- Circulating offer Uniswap – 599.9 million
- Total Uniswap offering – 1 billion
- Uniswap Coinmarketcap Ranking – #17
UNI/USD market
Key Levels:
Resistance levels: $14.0, $15.0, $16.0
Support levels: $7.0, $6.0, $5.0
UNI/USD Bulls have been trying to move above the 9- and 21-day moving averages. The $10.0 support level is the critical support where the price touched today. Meanwhile, Uniswap price has previously traded around this level before making an upward move and this makes the support level a strong support zone.
Uniswap Price Prediction: Can Uniswap Move to the Positive Side?
The Uniswap price is likely to rise even further if the bulls can defend the $10.0 level; the coin may continue its upward movement by breaking above the 21-day moving average, after holding the price above the 9-day moving average. Therefore, any further bullish move could take the coin towards the potential resistance levels of $14.0, $15.0 and $16.0.
However, as shown by the daily chart, the current forecast could be invalidated if the bears break below the $10.0 level, and the Uniswap price could fall to the lows of the $7.0, $6.0 and $5, 0 support levels. Additionally, the 21-day MA may need to remain above the 9-day MA; suggesting more bullish moves.
UNI/BTC could move bullishly
Against Bitcoin, the Uniswap price is currently trading above the 9 and 21 day moving averages. However, the bulls may need to increase buying pressure so that the market price could reach the nearest resistance of 1800 SAT.
Therefore, if the buyers could push the price above the upper limit of the channel, higher resistance could be found from 2100 and above. Furthermore, should the bulls fail to move it upwards, the nearest support level could be at 1100 SAT and below. Furthermore, the 21-day MA is hovering above the 9-day MA, indicating that buyers could dominate the market.
On that note, @BabyyBlockChain informed his followers on
$UNI a breakout from the downward trend channel 💥
Expect further upward movement towards the upper resistance zone
Lessgo bois 🚀 #CryptoAnalysis #Bullish pic.twitter.com/Y7wTpzZGyT
— Blockchain Babe (@BabyyBlockChain) June 14, 2024
Uniswap Alternatives
The Uniswap price is likely to trend upward and must remain above the 9-day and 21-day moving averages to counteract the downward pressure. If the bulls increase buying pressure, the coin could reach the $12.5 resistance level. Meanwhile, one newcomer, PlayDoge, is performing remarkably well despite the downturn in the meme coin market. This nostalgic P2E gaming project has already raised over $4.3 million during its ongoing pre-sale. Considering the rapid changes in the meme coin market this week, that’s an impressive feat. PlayDoge is capitalizing on the hype surrounding the appeal of retro gaming.
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