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During the European session today, the Uniswap price prediction begins a progressive movement as the price increases slightly.
Uniswap’s UNI Reaches $10.60 Amid Speculation of New Layer-2 Support
UNI, the native token of the decentralized exchange Uniswap, has soared by 9%, becoming the top gainer in the crypto market today. Currently, UNI is trading at $10.60, reflecting an 8.05% increase in the past 24 hours.
Uniswap Prediction Statistics Data:
- Uniswap price now – $10.52
- Uniswap market cap – $6.2 billion
- Uniswap circulating supply – 599.9 million
- Uniswap total supply – 1 billion
- Uniswap Coinmarketcap ranking – #17
UNI/USD Market
Key Levels:
Resistance levels: $14.0, $15.0, $16.0
Support levels: $7.0, $6.0, $5.0
UNI/USD bulls have been attempting to move above the 9-day and 21-day moving averages. The $10.0 support level is the critical support where the price touched today. Meanwhile, the Uniswap price has earlier trades around this level before making an upward movement and this makes the support level a strong support zone.
Uniswap Price Prediction: Can Uniswap Move to the Upside?
The Uniswap price is likely to rise more if the bulls can defend the $10.0 level; the coin may continue its upward movement by breaking above the 21-day moving average after keeping the price above the 9-day moving average. Therefore, any further bullish movement may take the coin to the potential resistance levels of $14.0, $15.0, and $16.0.
However, as revealed by the daily chart, the current prediction may be invalidated should the bears break below the $10.0 level, and the Uniswap price may fall to the low of $7.0, $6.0, and $5.0 support levels. Moreover, the 21-day MA may need to stay above the 9-day MA; suggesting more bullish movements.
UNI/BTC Could Move Bullishly
Against Bitcoin, the Uniswap price is currently trading above the 9-day and 21-day moving averages. However, the bulls may need to increase the buying pressure so that the market price could touch the nearest resistance of 1800 SAT.
Therefore, if the buyers could push the price above the upper boundary of the channel, higher resistance could be found at 2100 and above. Moreover, should the bulls fail to move it upward, then, the nearest support level could be located at 1100 SAT and below. Moreover, the 21-day MA is seen hovering above the 9-day MA, which indicates that buyers may dominate the market.
On that note, @BabyyBlockChain informed his followers on X (formerly Twitter) that $UNI has broken out of its downtrend channel 💥, anticipating further upward movement toward the upper resistance zone.
$UNI a breakout from the downtrend channel 💥
Expecting further upward movement towards the upper resistance zone
Lessgo bois 🚀 #CryptoAnalysis #Bullish pic.twitter.com/Y7wTpzZGyT
— Blockchain Babe (@BabyyBlockChain) June 14, 2024
Uniswap Alternatives
The Uniswap price is likely to trend upward and must stay above the 9-day and 21-day moving averages to counter downward pressure. If the bulls increase buying pressure, the coin could reach the resistance level of $12.5. Meanwhile, despite the downturn in the meme coin market, one newcomer, PlayDoge, is performing remarkably well. This nostalgic P2E gaming project has already raised over $4.3 million during its ongoing presale. Given the rapid changes in the meme coin market this week, that’s an impressive achievement. PlayDoge is capitalizing on the hype surrounding its retro gaming appeal.
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