Uniswap (UNI) has been on an upward trend since February 2021. Amidst various impulsive moves, Uniswap crypto had established many higher highs. The current all-time high stands at a price level of $44.97. Uniswap coin is, once again, on an impulsive move and; hence, it is expected to establish a new all-time high as it skirts close to the level. At the time of publication, Uniswap was trading hands $42.54 apiece. The price of the cryptocurrency has increased by 15% since yesterday while the daily trading volume has upped more than 30%.
Uniswap (UNI) technical analysis
The Uniswap (UNI) market has a strong bullish outlook. Out of the total technical indicators for the cryptocurrency, seventeen are giving out a buy signal while eight are standing at a neutral position with only one indication of sell. The oscillators and moving averages both are bullish.
A trader has pointed out towards the formation of an ascending channel. Uniswap coin has been oscillating inside the channel formation since February. The upper and lower boundaries of the formation are acting as strong resistance and support levels, respectively. The market had taken a downturn as the Uniswap crypto began a downward move in the channel. However, the trader predicts an upward break out from the channel formation after such pullbacks towards the lower boundary. The breakout from the channel will place Uniswap at a price target of $47.
Uniswap (UNI) price prediction
Trading Beasts predicts the average price for Uniswap coin by the end of year to be at $40. By the end of 2024, Uniswap is expected to have a price level of $63. Wallet Investor, on the other hand, is bullish in their estimates. Wallet Investor places Uniswap at $113 by the end of 2021 and at $400 in five years’ time. Digital Coin Price projects the value of Uniswap to be $62 by the end of the year while the five-year projections predict Uniswap to be at $192.