Decentralized Finance Exchanges are driving the crypto market with their decentralized counterparts. Uniswap currently is the utmost and dominating decentralized exchange along with Sushi Swap, Pancake Swap, Curve Finance, and many more.
UNI is the first DeFi token to enter the list of top 10 cryptocurrencies. The market capitalization surpassed LTC soaring above $17.50 billion.
UNI achieved 14.43% impulse in the past 24 hours along with the top currencies like BTC, ETH, ADA, BNB and DOT and flipped to 8th position. The coin’s attained up to 5% momentum in the last 24 hours.
The crypto sphere is currently in an uptrend with a market capitalization of $1.57 trillion and is up with 2.51%.
Uniswap Price Analysis
Uniswap is currently encountering a bullish rally as the price dramatically hit $34.77 on 7 March and listed a new all-time high. The token hovered between $22 and $25 before the significant price surge. UNI Price poised to hit $45 if the bulls manage to push the prices up.
Efficiently, the next high is to be expected at $42 if UNI price accomplishes to be stable from the massive selling pressure. Further, the resistance level is to be formed at $38.10 and the anticipated support levels are to be $25.81 and $28.57. The relative strength index is strongly indicating the bullish divergence by positioning at 72.75.
The MACD strongly symbolises the bullish crossover as the MACD line is escalating and showing the buy signal by intersecting Signal line at 2.21 points and the histograms are turning green.
At a press time, UNI price is $33.53 with a 24 hours trading volume of $1,504,545,920. It is up 9.12% in the last 24 hours with a market capitalization of $17,482,542,524. The current coinmarket rank is #8.