The Uniswap price has reclaimed the $18 mark during the early Asian market with an impressive price pump. Moreover, Uniswap’s TVL has jumped 15.58% (M-o-M) to $6.720 billion, highlighting the increased adoption of this chain in the crypto-verse.
With the increasing price volatility in the crypto space and a highly anticipated Altcoin season around the corner, will the Decentralized Finance (DeFi) project dominate the Ethereum rally?
With the ongoing bullish recovery in the cryptocurrency market, the Uniswap price has recorded a double-digit surge in the last 24 hours. With a trading volume of $1.04 billion, this altcoin has secured a position in the top gainer list for today.
The Simple Moving Average (SMA) records a bullish convergence in the Uniswap price chart. This hints at a strong buying pressure for this DeFi token in the cryptocurrency space.
The Moving Average Convergence Divergence (MACD) shows a constant green histogram in the daily time frame. Furthermore, its averages display a positive price trend, highlighting that the Uniswap price may continue gaining value this week.
If the market bulls push the Uniswap price above its resistance level of $18.750, the DeFi token will prepare to test its upper high of $21.90. Maintaining the price at that level could push its value toward its target of $25.
On the flip side, if a bearish reversal is recorded, this could pull the price of Uniswap toward its $15.4 level. If uncertainty increases at that point, the UNI coin price could retest its lower support level of $11.950 this year.
Are you wondering if “will Uniswap reach $1000? Read CoinPedia’s Uniswap Price Prediction to uncover the possible price mysteries until 2030!
With increased cryptocurrency adoption in the real-time world, the UNI price could hit the $100 mark by 2030.
If the bullish sentiment sustains, the UNI price could reach a maximum price of $30.94 during 2025.
With a 24-hour change of +19.78%, this altcoin is currently valued at $18.663.
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