Uniswap is the biggest DEX and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. Uniswap (UNI) is seeing a cautious market stance, currently trading near $5.77.
In this article, we will look at Uniswap crypto next target by looking at price chart and technicals.
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Uniswap Crypto Next Target
- Current Price: $5.77
- 24h Price Change: -1.38%
- 24h Range: $5.66 – $5.90
- Market Cap: Approximately $4.4 billion
- 24h Trading Volume: Approximately $164 million
- Circulating Supply: Approximately 762 million UNI
Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, above $5.60 resistance, which could signal at least a temporary bullish trend reversal. Upside potential to $7.00 next. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~44 (neutral to slightly bearish)
- MACD: Bearish crossover observed
- Support Levels: $5.41, $5.01, $4.80
- Resistance Levels: $6.01, $6.21, $6.61
- Current Trend: Sideways with mild bearish pressure
📰 Latest Uniswap News & Developments
- 📉 Price Action
Uniswap saw a slight decline of over 1%, consistent with the broader crypto market’s recent cautious sentiment. - 🐋 Whale Movement
A dormant wallet moved 9 million UNI tokens (worth ~$61 million) to Coinbase Prime. This significant transaction triggered speculation about potential sell pressure or strategic reallocation. - 📈 Bullish Fractal Watch
Technical analysts are observing a bullish fractal formation, which may indicate the possibility of an upcoming breakout rally if key resistance levels are surpassed.
📌 Summary
Uniswap is the largest crypto dex and the native crypto is in consolidation mode with short-term bearish undertones. However, significant whale activity and technical patterns are hinting at a potential shift in momentum. Traders should watch for a move above $6.01 for confirmation of a bullish breakout.
👉 Short-Term Forecast: Neutral to slightly bearish; breakout potential above $6.01
📉 Risk Factor: Moderate – due to recent whale activity and uncertain short-term trend
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