At the time of writing, UNI is being traded at the price of $22.37. The price of UNI has increased by almost 2.92% in the past 24 hours. The maximum and minimum of the day are around $22.73 and $20.57. The daily trading volume has also increased by almost 38.84% in one day. UNI is listed on coinmarketcap at 17th spot according to market capital and has a market dominance of about 0.54%.
UNI before the crash had achieved it all-time high around the price of $2.70 in May 2021. During the crash, UNI created a bottom and dropped down to $45. As compared to other coins UNI has been one of the slow gainers but it is still comparatively closer to the bottom than the ATH. But the way it is moving. During the crash, it created a bottom of $13.
UNI has a total supply of around 1B tokens and has a circulating supply of around 627M coins. UNI can be traded at a lot of different exchanges such as crypto.com, OKEx, Huobi with different trading pairs.
Technical Analysis – Uniswap
On the daily time frame, UNI has one of the cleanest charts on the daily time frame. The price was making lower highs and lower lows and ultimately shifted the structure of the price. The price was consolidating for a lot of days. During the structural shift, the price printed a green candle and by doing this left an order block. This order block has now been mitigated.
The price broke down from the accumulation phase and touched the order block. Now there is no reason for the price to the drop down. A smaller order block has also been created by the price to move upwards.
A possible movement for the price is to move upwards and touch the trend line resistance. From there we can expect a possible reaction from the price. If the price from there drops down we can expect it to drop down to touch the new unmitigated order block. From there possible longs can be taken by taking confluences into consideration.
Price Prediction – Uniswap(UNI)
Uniswap(UNI) has been one of the highly bullish coins in the market. According to wallet investors, UNI in one year is expected to reach a value of $38.89. In five years, it is expected to touch $113.606.
