UNI Price Prediction – Uniswap Recovery Could Remain Capped

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	395,343,137,796	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

395,343,137,796

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	14.78	0.45%	3,290.38	3,290.38	3,290.47

Price Change

Price Change %

Current Price

Bid Price

Offer

14.78

0.45%

3,290.38

3,290.47

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,299.24	3,242.86	3,268.77	3,275.69	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,299.24

3,242.86

3,268.77

3,275.69

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:50:10	0.008431	3,290.38	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:50:10

0.008431

3,290.38

USD

Price x Volume	Volume	Base Symbol	Related Pairs
56,383,761.14	17,262.49	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

56,383,761.14

17,262.49

UNI Price Prediction – Uniswap Recovery Could Remain Capped

12/04/2024 5:58am

NEWSBTC

UNI price turned red and declined below the $10.00 support. Uniswap is showing many bearish signs and recoveries could face hurdles near $10.00. UNI started a fresh decline below the $10.00 support zone. The price is trading below $9.50 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $10.25 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair might recover but the upsides might be limited above $10.00. UNI Price Takes Hit After the SEC news, UNI started a major decline. There was an increase in selling pressure on Uniswap below the $12.00 pivot level. The price declined over 15% and traded below the $10.00 support. It also increased some pressure on Bitcoin and Ethereum. There was also a drop below the $9.20 level. The price traded as low as $8.72 and it is still showing many bearish signs. There is also a key bearish trend line forming with resistance near $10.25 on the 4-hour chart of the UNI/USD pair. UNI price is now trading well below $10.00 and the 100 simple moving average (4 hours). Immediate resistance on the upside is near the $9.45 level. It is near the 23.6% Fib retracement level of the downward move from the $11.79 swing high to the $8.72 low. The next key resistance is near the $10.25 level or the trend line. It coincides with the 50% Fib retracement level of the downward move from the $11.79 swing high to the $8.72 low. Source: UNIUSD on TradingView.com A close above the $10.25 level could open the doors for more gains in the near term. The next key resistance could be near $11.80, above which the bulls are likely to aim a test of the $12.00 level. Any more gains might send UNI toward $13.50. More Losses In Uniswap? If UNI price fails to climb above $9.45 or $9.50, it could continue to move down. The first major support is near the $8.70 level. The next major support is near the $8.50 level. A downside break below the $8.50 support might open the doors for a push toward $7.65. Technical Indicators 4-Hours MACD – The MACD for UNI/USD is gaining momentum in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for UNI/USD is below the 25 level. Major Support Levels – $8.70, $8.50, and $7.65. Major Resistance Levels – $9.45, $10.00, and $10.25.

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ETHUSD Ethereum