Uniswap is the biggest DEX and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. Uniswap (UNI) is seeing a cautious market stance, currently trading near $5.77.
In this article, we will look at Uniswap crypto next target by looking at price chart and technicals.
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Uniswap Crypto Next Target
- Current Price: $5.77
- 24h Price Change: -1.38%
- 24h Range: $5.66 – $5.90
- Market Cap: Approximately $4.4 billion
- 24h Trading Volume: Approximately $164 million
- Circulating Supply: Approximately 762 million UNI
Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, above $5.60 resistance, which could signal at least a temporary bullish trend reversal. Upside potential to $7.00 next. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup.
Key Technical Indicators
- Relative Strength Index (RSI): ~44 (neutral to slightly bearish)
- MACD: Bearish crossover observed
- Support Levels: $5.41, $5.01, $4.80
- Resistance Levels: $6.01, $6.21, $6.61
- Current Trend: Sideways with mild bearish pressure
Latest Uniswap News & Developments
Price Action
Uniswap saw a slight decline of over 1%, consistent with the broader crypto market’s recent cautious sentiment.
Whale Movement
A dormant wallet moved 9 million UNI tokens (worth ~$61 million) to Coinbase Prime. This significant transaction triggered speculation about potential sell pressure or strategic reallocation.- Bullish Fractal Watch
Technical analysts are observing a bullish fractal formation, which may indicate the possibility of an upcoming breakout rally if key resistance levels are surpassed.
Summary
Uniswap is the largest crypto dex and the native crypto is in consolidation mode with short-term bearish undertones. However, significant whale activity and technical patterns are hinting at a potential shift in momentum. Traders should watch for a move above $6.01 for confirmation of a bullish breakout.
Short-Term Forecast: Neutral to slightly bearish; breakout potential above $6.01 Risk Factor: Moderate – due to recent whale activity and uncertain short-term trend
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