UNI Price Prediction – Uniswap Recovery Could Remain Capped

Name	Symbol	Market	Market Cap ($)	Algorithm
Uniswap	UNIUSD	Crypto	5,487,421,336	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Uniswap

UNIUSD

Crypto

5,487,421,336

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.110	-1.49%	7.26	7.26	7.26

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.110

-1.49%

7.26

High Price	Low Price	Open Price	Prev. Close	52 Week Range
7.43	7.23	7.37	7.37	3.59 - 17.03

High Price

Low Price

Open Price

Prev. Close

52 Week Range

7.43

7.23

7.37

3.59 - 17.03

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:42:02	1.08	7.26	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:42:02

1.08

7.26

USD

Price x Volume	Volume	Base Symbol	Related Pairs
712,492.24	96,920.14	UNI	UNIEUR	UNIGBP	UNIBTC

Price x Volume

Volume

Base Symbol

Related Pairs

712,492.24

96,920.14

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.

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UNIUSD Uniswap