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- 1 Uni Crypto started the week with a negative bias and fell nearly 4% in the morning session.
- 2 The long-term trend is positive, which may drive the short-term trend upwards.
Following a price drop of nearly 4% on Friday, the UNI crypto price started the week on Monday with a negative bias and dropped nearly 4% in the morning session. However, it recovered in the afternoon and traded at $5.95 with a drop of 0.3% at the time of writing.
Fundamental Overview of Uniswap
Uniswap is a decentralized protocol that allows users to trade DeFi tokens without any intermediaries. It makes use of a model known as “AMM”. It is designed to be fast, cheap, and easily accessible for users.
It also has its own token known as “UNI”. It gives holders a say in how the protocol evolves. Moreover, it also supports smart contracts and various tokens.
Uniswap Crypto Price Technical Analysis.
UNI price underperformed in the past week and eroded over 17% in the time. Meanwhile, the price could not find ground near the 20-day and 40-day EMA and continued to slide down till Friday.
Moreover, the bears also dominated on Monday morning and dragged the price 4% lower near the previous support. However, the hourly chart shows that UNI token met buyers in the afternoon session. Thereafter, the price bounced back and was at a mere drop of 0.3% at press time.
The 20-period exponential moving average (EMA) On the daily chart stays above the UNI price and intends to make a bearish crossover of the 50-day EMA.
Uniswap Price Prediction January 2024
The long-term trend for the UNI toke is still on the positive side. The token faced mild pressure in the past week however may recover this week. The bulls have started recovering the Intraday gains which might be a concern for the sellers.
On the most optimistic note, the UNI price may reach a high of $7.8 signifying an upside potential of approx 30%. The pessimistic view of analysts assumes the price could drop to a low of $4.94.
Uniswap Price Prediction 2024
The UNI crypto price exhibits a strong outlook in the long term which may help the price attain higher levels. The most optimistic price analysis signifies an upside potential of 71.45% by the year-end.
The UNI crypto may therefore advance to a high of $10.24 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $8.324 by the end of year 2024.
Uniswap Price Prediction 2025
By the next two years, the Uniswap cryptocurrency price may have surged over 128.19% as per the most optimistic view of analysts. The price could reach a high of $13.67. The pessimistic view hopes for the price to reach a high of $10.11.
Uniswap Price Prediction 2026
On the most optimistic note, Uniswap crypto could gain to a high of $20.018 in the year 2026. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $14.39.
Uniswap Price Prediction 2027
By the year 2027, Uniswap cryptocurrency is expected to reach a high of $23.22 as per the bullish view of analysts. Analysts with a bearish view expect the price to reach $18.044 by the end of 2027.
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.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
