Uniswap (UNI) Price Prediction 2024: Can UNI Price Extend to the $10 Mark This Week?

Since 2022, the Uniswap (UNI) price has been struggling to sustain over the $7 mark. In Q1 2024, the UNI buyers managed to smash the $7 mark but failed to sustain above that level.

The price of Uniswap (UNI) has been experiencing difficulties in staying above the $7 mark since 2022. However, in Q1 2024, UNI buyers managed to break through this level but were unable to sustain it. The Uniswap price has encountered the demand zone, leading to a gradual and steady increase in price.

A breakout from a descending channel on the technical chart indicates a bullish trend. Following the breakout, the price experienced a retest and gained momentum. If the price manages to cross the 200-day EMA, it could attract investors and potentially lead to a recovery towards the $20 mark.

After crossing the 20-day EMA, the UNI crypto price is likely to approach the 200-day EMA. This momentum has been gradual but steady. Hence, a minor pullback is to be expected.

According to the technical chart, the bearish trend seems to have halted around the $6 zone. Due to the demand zone, buying pressure in this zone may invite buyers for a major bullish move.

Highlighting the potential for a UNI price surge, crypto analyst Daniel Ramsey (@ramseycrypto) tweeted, "Loaded a bag of $UNI."

#UNI/USDT keeps accumulating below the Mid-Zone

Imo we are at the dip prices for long-term, we landed at the POC of the accumulation range☝️

Loading a bag of $UNI here✈️✔️Mid-Term Target: 13.45$

✔️Long-Term Target: 32.3$

✔️Long-Term Target: 70.7$ pic.twitter.com/76pVd26fUh

According to Ramsey, the UNI price is at "dip prices" for the long term, having reached the Point Of Control (POC) of the accumulation range. This setup could present an opportunity for those looking to acquire UNI tokens at a favorable price.

Loading bags with the UNI token could be a good investment for the future, as the technical chart looks strong. The expected mid-term target could be $13.45. The long-term price targets for the UNI token could be $32.30 and $70.70.

Can the UNI Price Zoom to the $10 Mark This Week?

The UNI price remained largely unchanged over the past 24 hours, trading at $6.73 at press time. It had a market capitalization of $4.04 Billion and a 24-hour trading volume of $108.13 Million.

From the beginning of 2024, the UNI sellers looked strong at the $8 mark. Almost every time, the Uniswap price has gained bearish momentum from that bear-dominated level. The Uniswap price must dominate this territory with great volume for a solid bullish momentum.

As we can see, the momentum is not too strong, and buyers looked weak at press time. If the price drops below the 20-day EMA, it could be a selling opportunity. Assuming the price starts trading below the $6 mark, sellers may follow the trend and drag the price to a multi-year low.

As per the technical indicators, the MACD has shaped a bullish crossover with the Signal line, and the histograms have flipped to green.

UNI Crypto Price Technical Analysis and Forecast

The Uniswap price was showing positive signs of potential bullish momentum. There were indications of a possible rally at the time of writing.

The UNI price surpassed the 20-day EMA and was eyeing the 200-day EMA. However, it’s important to keep an eye on the $8 mark, as sellers have shown strength at this level in the past.

Additionally, the MACD has indicated a bullish crossover, which also suggests a potential upward movement in price. Overall, it appears that there are opportunities for growth. Still, close monitoring of the market and price movements is essential to make informed decisions.

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