Uniswap (UNI) Has Shown Minimal Growth
During December 2023, the UNI token has shown minimal growth. Despite reaching a yearly high of $7.07, UNI's market behavior largely reflects Bitcoin's trends.
The asset is currently fluctuating within a sideways range, with support at $5.9 and resistance at $6.4. If buyers maintain momentum, Uniswap's price could potentially retest the resistance zone of $6.70-$7.07 and aim for a new high. However, future movements will hinge on Bitcoin's trajectory.
A deeper correction could see UNI drop to buying zones at $5.27-$5.62, $4.63-$5.00, and down to $4.45, creating opportunities for accumulating long positions in anticipation of a possible upswing.
Uniswaptoken
Uniswap Surges As Defi Market Hits 14-Month HighUniswap X's cumulative trading volume surpasses $1 Billion as new fillers come in accumulating more than 50% of the transaction volume.
Uniswap X, the permissionless and open-source protocol for trading across Automated Market Makers (AMMs) and other liquidity sources, has reached a milestone, with its cumulative trading volume surpassing $1 billion since its launch in July this year.
Market makers Wintermute and Tokka Labs have consistently dominated, accounting for 60%-80% of the daily trading volume.
New Fillers Taking Over On Uniswap X
Despite the current Defi market domination, there is room for new and different players to emerge on top. In a noteworthy event, a recently onboarded Filler on Uniswap X claimed the top spot within the past month.
Currently, there are 15 active Fillers, with 4 more onboarding. The competition among Fillers is intensifying, raising questions about the optimal number of Fillers to achieve the best price and the shortest transaction time.
In the last month, a new Filler disrupted the status quo by capturing over 50% of the volume since its onboarding, dramatically reducing the 2nd filler’s share from 90% at the launch to approximately 20%. The 3rd Filler also commands around 20% of the trading volume, and notably, all three top performers are market makers.
Uniswap Performance Recently
Since the latest crypto bullish wave, Uniswap (UNI) has been the best-performing top coin. Over the last seven days, the Uniswap price has increased by around 24%, from roughly $5.09 to $6.35.
The transaction lifted UNI’s market value to $4.8 billion, its highest level since August. UNI is currently valued more than Bitcoin Cash (BCH), but it is still 86% less than its all-time high, which reached its peak in 2021.
Additionally, it has been seen that token holders are cutting out a profit after the price jump. As per Lookonchain data, user stevu.eth withdrew a substantial amount of UNI tokens from Binance, holding a sizable amount valued at $3.18 million.
Talking about the whole Defi market, the ecosystem is blooming. As of November 2023, the total Defi market cap resides at $58 billion according to TradingView data. The Defi market hit the valuation 14 months after the previous Defi bubble in 2022.
Uniswap Bull Spike! Are we going back down to $5.70?Uniswap took off like a rocket after making contact with the 200EMA, going from $4.85 to $6.30, a nice 30% rip! We're now approaching the bull channel resistance, will we keep going up? Or will we see a rejection and fall back down to the previous support?
How do we trade this?
This isn't a reasonable to long or short this timeframe. The gap between the 200EMA and the bull channel resistance has been closed and if we're going to short, we need a sell signal bar and confirmation bar before we enter. RSI is near 80.00, a weak indicator by itself, but supports the other points of this analysis.
If the price breaks above the bull channel resistance and shows support, then it may be reasonable to long.
Key Points
1. Strong bounce back into the Bull Channel.
2. Price near Bull Channel Resistance.
3. Wait for a sell signal at Bull Channel Resistance.
4. RSI near 80.00, More Down than Up.
5. If shorting, reasonable take profit at $5.70
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Uniswap (UNI) What Could Happen if the Price Consolidate
UNI has been on an upward trajectory. Since November 16, the asset has appreciated by 60%, with a notable increase from $4.85 to $6.30 (+25%) in the past two days.
With Bitcoin's chart showcasing an upward trend, the continued growth of the UNI token remains a likely scenario. In the upcoming days, buyers can try and surpass the annual high and challenge the $6.7 resistance level. However, this requires the asset's price to first consolidate above the $6 mark.
Should a correction occur, UNI might fall to support zones around $5.4-$5.7, $4.6-$5, and $4.31. Placing limit orders for buying the asset might be risky, as Uniswap token, along with other altcoins, could suffer from liquidity shortages in the event of a significant drop in BTC. This situation could lead to the asset's price plunging well below these support levels.
$UNI Uniswap's Falling Wedge... Break out?BME:UNI Uniswap's price action has been dwindling in a falling wedge...
Current price: $4.5
Only Two things can happen:
Uniswap can remain in the falling wedge and retest support around $3.2 or
BME:UNI Price action can break out of falling wedge to seek resistances: 5.9, 7.5, 9.8, 12.2
Uniswap at Resistance! Is a Drop to $5 Inevitable?Uniswap is up against the previous channel resistance around $5.50 after falling back down to $4.85. The last attempt to break $5.50 ended in a triple top, this may be a last attempt and with a failure, could lead to another pullback to the bottom of the trend. Bitcoin is currently at risk of a pullback as shown in my 4HR and Weekly analysis. Being a leading indicator, it is another data point in our trade decisions.
How do we trade this?
A short is risky without a sell signal, and a long is risky because we're at resistance. We're also in a bull trend so the probability of profit is less when shorting. Better to wait for more price action before entering a trade.
Key Points
1. Bull Channel, our Mode of operation should be "Always in Long"
2. The price is currently at a Previous Resistance Level
3. Bitcoin as a leading indicator, is at resistance
4. A Pullback to $5 is likely
5. Wait for more price action
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
UNISWAP PRICE PREDICTION 2023-2032: WILL UNI KEEP STEADY?UNISWAP PRICE PREDICTION 2023-2032: WILL UNI KEEP STEADY?
Uniswap Price Prediction 2023-2032
Uniswap Price Prediction 2023 – up to $8.44
Uniswap Price Prediction 2026 – up to $27.34
Uniswap Price Prediction 2029 – up to $86.78
Uniswap Price Prediction 2032 – up to $264.71
For anyone considering the switch from centralized finance (CeFi) to decentralized finance (DeFi), here’s a thought: Why do we constantly update the Uniswap Price Prediction? The fight is on for the survival of the fittest crypto project, and we need to keep you informed despite social media maneuvers by certain quarters!
How much is UNI worth today?
The current Uniswap price stands at $5.03, having seen a trading volume of $147,857,135 in the past 24 hours. With a market capitalization of $2,962,899,131 and a market rank of 27, it demonstrates an increase of 7.69% over the last 24 hours.
Uniswap UNI price price is accelerating, how long will it last?It seems that in early June, the UNIUSDT price did manage to break out of the prolonged downward trend.
Well, we're keeping our fingers crossed that buyers will be able to accelerate the growth even more. Buyers have a "difficult path" ahead of them, as there are strong liquid zones above, where there will be many people willing to sell their UNI, which is lying around in their crypto portfolio and weighing it down with its price drop.
The first critical level from above is $7.50. This is where the first "serious struggle" between buyers and sellers will begin. The outcome of the battle will determine which route the UNIUSD price will take next - white or blue.
One way or another, the medium-term target, where we believe the price of the Uniswap token will sooner or later reach, is in the range of $12.25-13
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Uniswap: You’ve still got work to do…! ☝️Uniswap is chilling in a sidewards movement, although it still has got work to do! So far, the altcoin seems hesitant to reach for our red target zone between $3.99 and $0.88, moving closer only gradually. However, our crypto-friend should take heart soon! We expect it to dive into the red zone pluckily to complete wave b in red. This done, Uniswap should turn upwards and head for its next destination: the northern turquoise zone between $13.03 and $16.03, where wave 4 in turquoise should end.
UNIUSD Underperformance: Why You Should Sell NowToday, I want to talk to you about UNIUSD and why it's underperforming despite having a DEX as big as Coinbase.
It's no secret that UNIUSD has been struggling to keep up with other cryptocurrencies in the market. While their DEX is as big as Coinbase, their token price has consistently dropped. So, what's the reason behind this?
The truth is that UNIUSD has been facing a lot of competition from other decentralized exchanges. With so many options available, it's becoming increasingly tricky for UNIUSD to stand out. The recent market volatility has also played a role in the token's underperformance.
So, what should you do about it? My advice is to sell your UNIUSD tokens now while you still can. With the token's value continuing to drop, it's only a matter of time before it hits rock bottom. So, please don't wait until it's too late to get out.
In conclusion, UNIUSD is underperforming for various reasons, and it's time to cut your losses and move on. Sell your UNIUSD tokens now and invest in a cryptocurrency that has a more promising future.
UNISWAP Short - 16% Potential - Short Term PlayExpecting a Short play on UNI if we can break below the $5.38 mark
Nothing crazy just a small dip to resistance.
Low time frame SHORT Trade
Ticker symbol: $UNI/USD
Low Time Frame Play
Current Price : $5.47
Entry Price: $5.38 (Breakdown below this price)
Target 1: $4.86 (11% Gain)
Target 2: $4.50 (17% Gain)
Uniswap: Early Bird 🐦🪱The early bird catches the worm, which is why Uniswap should get it going to make the climb above the resistance line at $9.82. Once the coin exceeds this mark, the ascent to the turquoise target zone should be a piece of cake. Ideally, the course finishes the turquoise wave 4 near the $16-mark before heading downhill. Facing a correction that pushes the coin below the $9.82-mark, we're expecting further pulses South until the green wave places its corrective low below the $3.33-mark. After completion, the course should turn back up and aim for an upwards trend in the longterm. In our alternative scenario, there is a probability of 20% that Uniswap won't make the climb to fulfill the turquoise wave 4, which would speed up the corrective low of the green wave alt. .
UNISWAP the last chance (bottom) and the range market 📖💡👌Hello 🐋
Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️
we
expect to see gain besides the range market is acceptable scenario too 📖💡🚀
and
if the price break the rang area to the upside, we will see more gain 🚀
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Uniswap (UNI) formed bullish Shark for upto 13% pumpHi dear friends, hope you are well and welcome to the new trade setup of Uniswap ( UNI ).
Previously we caught a nice trade of UNI:
Now on a daily time frame, UNI has formed a bullish Shark pattern with Bitcoin pair chart.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
UNI (Uniswap) long, retest of daily breakMarket waiting for a pull back, but when? I think that buy the retest of the daily trend break (with a tight stop loss) could turn out to be a big trade. There's quite a risk that this trade can be stopped out, but the upside looking good. I see daily breaks now as possibly entries for long time hold.
Uniswap (UNI) formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Uniswap (UNI).
Previously I shared a long-term trade setup for UNI , which is still in play:
Now on a 4-hr time frame, UNI has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade