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- 1 The UNI token price dropped 3.34% in the past 24 hours and was trading at $6.40 at press time.
- 2 The Uniswap price fell below the 20-Day EMA, suggesting weakness in the short term trend.
Uniswap has almost retraced its recent profits, losing ground near the 20-day EMA on Wednesday to fall further. UNI price slumped below near the 50-day EMA breaking below the 20-day EMA.
The recent decline wiped out the collective gains of the previous month which now is at a mere 2.3%. The UNI crypto is down over 18% a week. Moreover, the price also failed to recover the decline and is down over 3.8% as of now.
Uniswap is a decentralized trading protocol that enables automated and decentralized trading of DeFi tokens. It uses the AMM model. It aims to solve the liquidity problem of the traditional exchanges.
Moreover, It allows anyone to create and join liquidity pools for any token pairs. It also improves the efficiency and security of trading.
The native token of Uniswap is “UNI” which is an ERC-20 token. It runs on Ethereum. It provides several benefits to the token holders like voting on the network decisions.
The long term trend analysis of the UNI crypto exhibits a positive outlook as of now. The UNI token has added over 45% in the past three months despite an 18% fall in the recent sessions.
From the technical perspective, the recent break below the short term EMA (20-day) and a further fall without any rejection was seen as a fresh trigger for bearish traders.
The extended decline in the UNI cryptocurrency is more likely to find support near the higher EMAs and the recent breakout level. However, if the selling pressure continues, it will reaffirm the negative bias in the short term.
Uniswap Price Prediction January 2024
The price outlook for the short term is neutral. If the bulls attempt to drive the price higher it may reach a high of $8.2 by the month end. While as if the bears continue to dominate and the price may fall further to $5 level.
Uniswap Price Prediction 2024
The most optimistic estimate of the analysts expects the price to reach a high of $11.45, indicating an upside potential of over 77.8%. The pessimistic outlook of the analysts assumes the price to reach $9.28.
Uniswap Price Prediction 2025
Over the next two years, the Uniswap cryptocurrency price may incline to a high of $15.38. On the flip side, the minimum value up to which Uniswap crypto may reach is expected as $12.15
Uniswap Price Prediction 2026
The Uniswap cryptocurrency price may reach a high of $21.33 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $16.30 by 2026.
Uniswap Price Prediction 2027
Over the next three years the Uniswap crypto may see a high price hike. The price may therefore reach a high of $25.96 by the year end. Whereas the lower value that the price cloud achieves is $19.46.
Uniswap Price Prediction 2028
The analysts are optimistic about Uniswap future prices and predict that the price could go up to $33.05 in the next four years. However, the pessimistic analysts expect the price to drop to $24.78.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
