UNI in a tight range below $26

TL;DR Breakdown

  • Uniswap price analysis is bullish.
  • UNI/USD broke below $26 today.
  • Next resistance at $28.5.

The Uniswap price analysis is bullish today, as the previous swing high was broken earlier today, with bull momentum continuing to push higher. As a result, we anticipate that UNI/USD will rise further in the coming 24 hours.

The overall market was in the red over the past 24 hours. Bitcoin decreased by 0.75 percent while Ethereum dropped 3 percent. The rest of the top altcoins have lost a total of 5%.

Uniswap price movement in the last 24 hours: Uniswap breaks below $26

The price of UNI/USD, representing the value of an ounce of gold, fluctuated within a range of $25.52 to $27.89 during the previous 24 hours. The volume decreased by 8.73 percent and stands at $533 million, while the market capitalization is about $16 billion, putting it in 11th place.

UNI/USD 4-hour chart: UNI to attain $27.5 today?

On the 4-hour chart, Uniswap’s price is continuing to rise, implying that it will reach $28.5 later today.

Uniswap price analysis
UNI/USD 4-hour chart. Source: TradingView

For most of the month, Uniswap price action has been confined in a sideways range. The next retracement resulted in a consolidation zone formed around $24-$26, which persisted until the beginning of November.

On the 11th of October, as UNI/USD fell to a new swing low of $22.5, it triggered a new downtrend. After that, UNI reversed course throughout the middle of the week, eventually reaching the $27 previous swing high.

A sharp sell-off on Saturday sent UNI/USD futures crashing through $25.5, the first time it had fallen below $30 since July 5 of last year, resulting in consolidation during the night. Uniswap’s price has recovered its momentum today, surpassing the $27 previous resistance level. Overall, we expect UNI.

Uniswap Price Analysis: Conclusion 

The price of UNISWAP is on the rise today, as a significant push higher was observed earlier after a minor retreat overnight. As a result, we expect UNI/USD to continue rising and aim for $28.5 next.

While waiting for Uniswap to move further, read our guides on Metaverse wallet, Fiat wallet reviews, and NFT art finance token.

Disclaimer. The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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