{"id":35140,"date":"2024-01-16T05:52:41","date_gmt":"2024-01-16T09:52:41","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=35140"},"modified":"2024-01-16T05:52:41","modified_gmt":"2024-01-16T09:52:41","slug":"uni-price-prediction-uniswap-momentum-reignites-15-lift-off-possible","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/16\/uni-price-prediction-uniswap-momentum-reignites-15-lift-off-possible\/","title":{"rendered":"UNI Price Prediction \u2013 Uniswap Momentum Reignites, 15% Lift-off Possible"},"content":{"rendered":"

UNI price is moving higher from the $5.65 support. Uniswap is up 5% and it seems like the bulls could aim a fresh surge toward the $8.00 zone.<\/em><\/p>\n

UNI started a fresh increase above the $6.00 and $6.20 resistance levels.
\nThe price is trading above $6.50 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $6.60 on the 4-hour chart of the UNI\/USD pair (data source from Kraken).
\nThe pair is showing bullish signs and might rally if it clears the $7.25 resistance.<\/p>\n

UNI Price Aims Higher<\/h2>\n

After forming a support base above $5.65, UNI started a fresh increase. The bulls were able to push Uniswap\u2019s price above the $6.00 and $6.20 resistance levels, outperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a key bearish trend line with resistance near $6.60 on the 4-hour chart of the UNI\/USD pair. The pair even cleared the $6.75 resistance level. It is now approaching the 50% Fib retracement level of the downward move from the $8.24 swing high to the $5.67 low.<\/p>\n

UNI is now trading above $6.50 and the 100 simple moving average (4 hours). Immediate resistance on the upside is near the $6.95 level. The next key resistance is near the $7.250 level. It is close to the 61.8% Fib retracement level of the downward move from the $8.24 swing high to the $5.67 low.<\/p>\n

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

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

A close above the $7.25 level could open the doors for more gains in the near term. The next key resistance could be near $7.65, above which the bulls are likely to aim a test of the $8.00 level. Any more gains might send UNI toward $8.25.<\/p>\n

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

If UNI price fails to climb above $6.95 or $7.25, it could correct further lower. The first major support is near the $6.60 level or the 100 simple moving average (4 hours).<\/p>\n

The next major support is near the $6.25 level. A downside break below the $6.25 support might open the doors for a push toward $6.00.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for UNI\/USD is gaining 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 $6.60, $6.25 and $6.00.<\/p>\n

Major Resistance Levels \u2013 $6.95, $7.25 and $8.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

UNI price is moving higher from the $5.65 support. Uniswap is up 5% and it seems like the bulls could aim a fresh surge toward the $8.00 zone.<\/em><\/p>\n

UNI started a fresh increase above the $6.00 and $6.20 resistance levels.
\nThe price is trading above $6.50 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $6.60 on the 4-hour chart of the UNI\/USD pair (data source from Kraken).
\nThe pair is showing bullish signs and might rally if it clears the $7.25 resistance.<\/p>\n

UNI Price Aims Higher<\/h2>\n

After forming a support base above $5.65, UNI started a fresh increase. The bulls were able to push Uniswap\u2019s price above the $6.00 and $6.20 resistance levels, outperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a break above a key bearish trend line with resistance near $6.60 on the 4-hour chart of the UNI\/USD pair. The pair even cleared the $6.75 resistance level. It is now approaching the 50% Fib retracement level of the downward move from the $8.24 swing high to the $5.67 low.<\/p>\n

UNI is now trading above $6.50 and the 100 simple moving average (4 hours). Immediate resistance on the upside is near the $6.95 level. The next key resistance is near the $7.250 level. It is close to the 61.8% Fib retracement level of the downward move from the $8.24 swing high to the $5.67 low.<\/p>\n

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

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

A close above the $7.25 level could open the doors for more gains in the near term. The next key resistance could be near $7.65, above which the bulls are likely to aim a test of the $8.00 level. Any more gains might send UNI toward $8.25.<\/p>\n

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

If UNI price fails to climb above $6.95 or $7.25, it could correct further lower. The first major support is near the $6.60 level or the 100 simple moving average (4 hours).<\/p>\n

The next major support is near the $6.25 level. A downside break below the $6.25 support might open the doors for a push toward $6.00.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for UNI\/USD is gaining 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 $6.60, $6.25 and $6.00.<\/p>\n

Major Resistance Levels \u2013 $6.95, $7.25 and $8.00.<\/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-35140","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\/35140","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=35140"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35140\/revisions"}],"predecessor-version":[{"id":35146,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35140\/revisions\/35146"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35140"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}