{"id":35821,"date":"2024-02-06T05:52:46","date_gmt":"2024-02-06T09:52:46","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35821"},"modified":"2024-02-06T05:52:46","modified_gmt":"2024-02-06T09:52:46","slug":"uni-price-prediction-uniswap-bulls-sight-key-bullish-move-to-7","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/06\/uni-price-prediction-uniswap-bulls-sight-key-bullish-move-to-7\/","title":{"rendered":"UNI Price Prediction \u2013 Uniswap Bulls Sight Key Bullish Move To $7"},"content":{"rendered":"

UNI price is moving higher from the $6.00 support. Uniswap is up 5% and it could rally if there is a clear move above the $6.35 resistance zone.<\/em><\/p>\n

UNI started a fresh increase from the $5.50 support zone.
\nThe price is trading above $6.00 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $6.20 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 $6.35 resistance.<\/p>\n

UNI Price Aims Higher<\/h2>\n

After forming a support base above $5.65, UNI started a fresh increase. There was a decent upward move in Uniswap above the $6.00 and $6.20 resistance levels.<\/p>\n

However, the bears were active near the $6.35 zone. A high was formed at $6.33 before there was a downside correction. The price declined below the $6.20 level. There was a move below the 23.6% Fib retracement level of the upward move from the $5.53 swing low to the $6.33 high.<\/p>\n

It tested the $6.00 support and the 50% Fib retracement level of the upward move from the $5.53 swing low to the $6.33 high. Uniswap is rising again above the $6.10 level, outperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

UNI price is trading above $6.00 and the 100 simple moving average (4 hours). Immediate resistance on the upside is near the $6.20 level. There is also a key bearish trend line forming with resistance near $6.20 on the 4-hour chart of the UNI\/USD pair.<\/p>\n

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

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

The next key resistance is near the $6.35 level. A close above the $6.35 level could open the doors for more gains in the near term. The next key resistance could be near $7.00, above which the bulls are likely to aim a test of the $7.20 level. Any more gains might send UNI toward $7.50.<\/p>\n

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

If UNI price fails to climb above $6.20 or $6.35, it could start another downside correction. The first major support is near the $6.00 level.<\/p>\n

The next major support is near the $5.85 level. A downside break below the $5.85 support might open the doors for a push toward $5.50.<\/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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $6.00, $5.85 and $5.50.<\/p>\n

Major Resistance Levels \u2013 $6.20, $6.35 and $7.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

UNI price is moving higher from the $6.00 support. Uniswap is up 5% and it could rally if there is a clear move above the $6.35 resistance zone.<\/em><\/p>\n

UNI started a fresh increase from the $5.50 support zone.
\nThe price is trading above $6.00 and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $6.20 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 $6.35 resistance.<\/p>\n

UNI Price Aims Higher<\/h2>\n

After forming a support base above $5.65, UNI started a fresh increase. There was a decent upward move in Uniswap above the $6.00 and $6.20 resistance levels.<\/p>\n

However, the bears were active near the $6.35 zone. A high was formed at $6.33 before there was a downside correction. The price declined below the $6.20 level. There was a move below the 23.6% Fib retracement level of the upward move from the $5.53 swing low to the $6.33 high.<\/p>\n

It tested the $6.00 support and the 50% Fib retracement level of the upward move from the $5.53 swing low to the $6.33 high. Uniswap is rising again above the $6.10 level, outperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

UNI price is trading above $6.00 and the 100 simple moving average (4 hours). Immediate resistance on the upside is near the $6.20 level. There is also a key bearish trend line forming with resistance near $6.20 on the 4-hour chart of the UNI\/USD pair.<\/p>\n

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

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

The next key resistance is near the $6.35 level. A close above the $6.35 level could open the doors for more gains in the near term. The next key resistance could be near $7.00, above which the bulls are likely to aim a test of the $7.20 level. Any more gains might send UNI toward $7.50.<\/p>\n

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

If UNI price fails to climb above $6.20 or $6.35, it could start another downside correction. The first major support is near the $6.00 level.<\/p>\n

The next major support is near the $5.85 level. A downside break below the $5.85 support might open the doors for a push toward $5.50.<\/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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $6.00, $5.85 and $5.50.<\/p>\n

Major Resistance Levels \u2013 $6.20, $6.35 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-35821","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\/35821","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=35821"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35821\/revisions"}],"predecessor-version":[{"id":35830,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35821\/revisions\/35830"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35821"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}