Uniswap Price Watch: UNI Registers 16% Rally In Last 7 Days

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	346,631,041,656	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

346,631,041,656

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-133.22	-4.42%	2,877.59	2,877.25	2,877.32

Price Change

Price Change %

Current Price

Bid Price

Offer

-133.22

-4.42%

2,877.59

2,877.25

2,877.32

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,020.26	2,814.12	3,010.91	3,010.81	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,020.26

2,814.12

3,010.91

3,010.81

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:36:12	0.003260	2,877.30	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:36:12

0.003260

2,877.30

USD

Price x Volume	Volume	Base Symbol	Related Pairs
199,594,407.92	68,459.63	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

199,594,407.92

68,459.63

Uniswap Price Watch: UNI Registers 16% Rally In Last 7 Days

27/09/2022 9:30am

NEWSBTC

Uniswap (UNI) token holders have plenty of reasons to celebrate now. Uniswap is among the top gainers among cryptocurrencies, registering a 16.2% price increase over the past week The token is now on a falling channel pattern but is expected to make a bullish run Lowest possible support price for Uniswap is $4.8 The digital asset is one of the biggest gainers not only for the last 24 hours, but for the past seven days. As of this writing, tracking from CoinGecko shows the token is trading at $6.37, enjoying a 12.5% gain in value since same time yesterday and a 16.2% increase for the past week. Unlike the rest of the crypto pack, the Uniswap token seems to be keeping its head above water during this period of uncertainty and volatility for the digital assets space. This seems a rather odd development, considering the token was stuck in a steady decline during the past five weeks. It also makes it a bit difficult to assess whether or not the crypto is under any kind of pressure. Some experts feel it is. Uniswap On A Falling Channel Pattern The five weeks that was mentioned earlier when Uniswap token was on a decline isn’t just a simple “period of red” for the crypto. It was a falling channel pattern which is characterized by a bullish rally following the breaking of the overhead trend line. Related Reading: Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT? Source: TradingView While the token is enjoying significant gains with its current trading price, there is no clear guarantee that the anticipated bullish trend is already happening. What is clear though is that 70% of all the gains the Uniswap token have made during its last recovery rally was obliterated by the recent crypto market correction. It has put the cryptocurrency in a position where local support price stood at $5.27. Related Reading: Algorand: ALGO Price All Go With Nearly 30% Rally In Last 7 Days Where Is Uniswap Token Headed? As of this writing, data indicate that Uniswap token’s hourly trading is on a small range. If the trend continues, there could be strong movement on its price on the coming days. The crypto’s support range could consolidate at $5.00 to $4.8 while its resistance level could be seen to be from $6.9 to $8.1. In crypto space, “support” refers to the level at which an asset’s price stops falling. “Resistance” refers to the range when an assets price stops increasing. It is important to note that while a bullish rally can easily put Uniswap trading price to the $7 mark, the token is also at risk of hitting a price range below $5. With that, it is now a waiting game for interested buyers who should keep a sharp eye for the pattern breakout. UNI total market cap at $4.9 billion on the daily chart | Source: TradingView.com Featured image from Cointribune, Chart: TradingView.com

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