{"id":33097,"date":"2023-11-24T04:52:52","date_gmt":"2023-11-24T08:52:52","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=33097"},"modified":"2023-11-24T04:52:52","modified_gmt":"2023-11-24T08:52:52","slug":"uni-price-prediction-after-25-rally-uniswap-turned-attractive-on-dips","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/11\/24\/uni-price-prediction-after-25-rally-uniswap-turned-attractive-on-dips\/","title":{"rendered":"UNI Price Prediction \u2013 After 25% Rally Uniswap Turned Attractive On Dips"},"content":{"rendered":"

UNI price rallied over 25% and climbed above $6.20. Uniswap is now consolidating gains and any dips might be attractive to the bulls in the near term.<\/em><\/p>\n

UNI started a fresh increase above the $5.20 and $6.00 resistance levels.
\nThe price is trading above $5.80 and the 100 simple moving average (4 hours).
\nThere was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI\/USD pair (data source from Kraken).
\nThe pair might correct lower, but the bulls could be active near the $5.60 and $5.55 levels.<\/p>\n

UNI Price Regains Strength<\/h2>\n

After forming a support base above $4.80, UNI started a fresh surge. The bulls were able to push Uniswap\u2019s price above the $5.25 and $5.30 resistance levels, outperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI\/USD pair. The pair pumped over 25% and even climbed above $6.20. A new multi-week high was formed near $6.60 and the price is correcting lower.<\/p>\n

There was a move below the $6.25 level. Uniswap is now approaching the 23.6% Fib retracement level of the upward move from the $4.83 low to the $6.60 high.<\/p>\n

UNI is still trading above $5.80 and the 100 simple moving average (4 hours). If there is a fresh increase, the price might face resistance near the $6.40 level. The next key resistance is near the $6.60 level. A close above the $6.60 level could open the doors for more gains in the near term.<\/p>\n

<\/a><\/p>\n

Source: UNIUSD on TradingView.com<\/a><\/p>\n

The next key resistance could be near $6.88, above which the bulls are likely to aim a test of the $7.00 level. Any more gains might send UNI toward $7.20.<\/p>\n

Dips Supported in Uniswap?<\/h2>\n

If UNI price fails to climb above $6.40 or $6.60, it could correct further lower. The first major support is near the $6.05 level. The next major support is near the $5.70 level.<\/p>\n

The mains support is near $5.55 or the 61.8% Fib retracement level of the upward move from the $4.83 low to the $6.60 high. A downside break below the $5.55 support might open the doors for a push toward $5.00.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for UNI\/USD is losing momentum in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for UNI\/USD is well above the 50 level.<\/p>\n

Major Support Levels \u2013 $6.05, $5.70 and $5.55.<\/p>\n

Major Resistance Levels \u2013 $6.40, $6.60 and $7.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

UNI price rallied over 25% and climbed above $6.20. Uniswap is now consolidating gains and any dips might be attractive to the bulls in the near term.<\/em><\/p>\n

UNI started a fresh increase above the $5.20 and $6.00 resistance levels.
\nThe price is trading above $5.80 and the 100 simple moving average (4 hours).
\nThere was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI\/USD pair (data source from Kraken).
\nThe pair might correct lower, but the bulls could be active near the $5.60 and $5.55 levels.<\/p>\n

UNI Price Regains Strength<\/h2>\n

After forming a support base above $4.80, UNI started a fresh surge. The bulls were able to push Uniswap\u2019s price above the $5.25 and $5.30 resistance levels, outperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a key declining channel with resistance near $5.25 on the 4-hour chart of the UNI\/USD pair. The pair pumped over 25% and even climbed above $6.20. A new multi-week high was formed near $6.60 and the price is correcting lower.<\/p>\n

There was a move below the $6.25 level. Uniswap is now approaching the 23.6% Fib retracement level of the upward move from the $4.83 low to the $6.60 high.<\/p>\n

UNI is still trading above $5.80 and the 100 simple moving average (4 hours). If there is a fresh increase, the price might face resistance near the $6.40 level. The next key resistance is near the $6.60 level. A close above the $6.60 level could open the doors for more gains in the near term.<\/p>\n

<\/a><\/p>\n

Source: UNIUSD on TradingView.com<\/a><\/p>\n

The next key resistance could be near $6.88, above which the bulls are likely to aim a test of the $7.00 level. Any more gains might send UNI toward $7.20.<\/p>\n

Dips Supported in Uniswap?<\/h2>\n

If UNI price fails to climb above $6.40 or $6.60, it could correct further lower. The first major support is near the $6.05 level. The next major support is near the $5.70 level.<\/p>\n

The mains support is near $5.55 or the 61.8% Fib retracement level of the upward move from the $4.83 low to the $6.60 high. A downside break below the $5.55 support might open the doors for a push toward $5.00.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for UNI\/USD is losing momentum in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for UNI\/USD is well above the 50 level.<\/p>\n

Major Support Levels \u2013 $6.05, $5.70 and $5.55.<\/p>\n

Major Resistance Levels \u2013 $6.40, $6.60 and $7.00.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-33097","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=33097"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33097\/revisions"}],"predecessor-version":[{"id":33105,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33097\/revisions\/33105"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=33097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=33097"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=33097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}