Uniswap (UNI) is gaining impressive momentum, reigniting hopes for a continued bullish run. As the token powers up, its next target could be the $16.9 mark, a critical level that could set the stage for even greater gains. With momentum building, the question is whether UNI can break through this resistance and push toward new heights. The aim of this article is to analyze Uniswap’s recent surge, focusing on its potential to break through the key $16.9 resistance level. This analysis will determine if UNI is poised for further gains or challenges in breaking through this critical price point by examining the factors driving UNI’s rally, including technical indicators and market sentiment. Examining UNI’s Recent Momentum Surge On the 4-hour chart, UNI is showing strong bullish strength, attempting to break out of its consolidation zone. Trading above the 100-day Simple Moving Average (SMA), the token is targeting the key $16.9 resistance level, signaling the potential for additional upward movement if it maintains its position above the SMA. An examination of the 4-hour Relative Strength Index (RSI) shows that the RSI has climbed back above the 61% threshold after experiencing a decline to 56% signaling a resurgence in buying pressure, reflecting renewed bullish movement in the market. A persistent climb would indicate strong overbought conditions, suggesting robust demand and the possibility of more price growth. Related Reading: Uniswap Processes Over $2 Trillion On Ethereum: UNI Bull Run Inevitable? Also, the daily chart showcases UNI’s robust upward momentum, highlighted by the formation of a positive candlestick pattern as the price rebounds, indicating the potential for further gains. Its position above the SMA solidifies the positive trend, signaling consistent strength. As UNI continues its ascent, it inspires growing market confidence and paves the way for an extended increase. Lastly, the daily chart’s RSI recently hit 70%, suggesting that Uniswap has entered overbought territory, reflecting strong bullish sentiment. While this suggests an extended upside, it also raises the risk of a pullback if buying pressure becomes excessive. Will Uniswap Reach New Heights? Tracking The Path Toward $16.9 Uniswap is exhibiting strong upbeat strength, with $16.9 acting as a key resistance level to watch out for. If the token maintains its upward trajectory, it could soon test this level. A successful breakout above $16.9 could open the door to new highs, setting the stage for gains and a possible rally to even higher price targets. Related Reading: Uniswap Rallies In Bearish Conditions, Can UNI Break New Grounds? However, if UNI fails to maintain its momentum, a pullback or consolidation may follow, potentially driving the price toward the $11.8 support level. A decisive break below this level might lead to more declines, with the next support zone at $10.3 and below. Featured image from Adobe Stock, chart from Tradingview.com
The private market platform says $15 million in Pump.fun equity is for sale.
Ethereum’s DeFi sector is experiencing a revival, fueled by renewed market enthusiasm following Donald Trump’s election victory. The total value locked (TVL) in Ethereum’s DeFi ecosystem has surged past $80 billion, marking its highest level in over two years. These numbers come as key players like Aave and Uniswap have also achieved significant milestones during […]
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Uniswap has hit record monthly volume across Ethereum L2s and one analyst said it’s an early sign of Ethereum ecosystem outperformance.
Solana’s onchain and derivatives data suggest that SOL could make a run back toward its all-time high in the short term.
Uniswap Labs said this is the “largest bounty in history,” with payouts potentially ranging from $2,000 up to the full amount.
The Bank for International Settlements (BIS) has revealed that institutional players dominate liquidity provision on decentralized exchanges (DEXs) like Uniswap, according to a Nov. 19 report, In a recent report titled “Decentralized Dealers,” the BIS analyzed the behavior of sophisticated and retail participants in Uniswap v3’s liquidity pools. The study examined their responses to market activities […]
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Summer Mersinger, a Republican CFTC commissioner who has urged the regulatory to take a more accommodating stance on crypto, is among those under consideration
Uniswap (UNI) is riding a wave of renewed bullish momentum, with its price inching closer to the critical $8.74 resistance level. This surge has captured the attention of investors eager to see if UNI can overcome this hurdle and unlock fresh upside potential. As the market sentiment shifts more positively, the $8.74 level is a pivotal strength test for Uniswap’s rally. This article uncovers the dynamics behind Uniswap’s climb toward $8.74, evaluating if this resistance level could be the gateway to further gains. We’ll examine the key technical indicators, market sentiment, and potential challenges to determine if UNI’s bullish momentum can sustain a breakout, positioning it for a move to higher levels. What’s Driving The Recent Uniswap Surge? After rebounding from the $6.742 support level, UNI has displayed robust bullish momentum, pushing decisively above the 100-day Simple Moving Average (SMA) on the 4-hour chart. The move indicates a strong shift in sentiment as buyers regain control, propelling Uniswap toward the critical $8.748 resistance mark. Now approaching this resistance, UNI is testing the resilience of its upward strength, with a breakthrough possibly paving the way for additional gains and establishing a new higher trading range. Also, the 4-hour Relative Strength Index (RSI) analysis highlights renewed upside potential, with the RSI climbing from the oversold zone to above the 50% threshold. Now sitting at 85%, this upward movement suggests a strong increase in buying pressure, signaling a shift from the previous bearish phase toward a more neutral and potentially optimistic outlook. Related Reading: Uniswap Rallies In Bearish Conditions, Can UNI Break New Grounds? Additionally, the daily chart shows Uniswap is on a solid upward trajectory, underscored by a strong bullish candlestick that reflects sustained buying pressure. UNI’s position above the 100-day SMA further supports this positive price action, reinforcing the likelihood of continued gains. Trading consistently above this key SMA signals strengthening positive sentiment, as buyers maintain control and push the price toward higher levels, possibly setting the stage for a test of upcoming resistance zones. Lastly, the RSI on the daily chart has risen to 67%, recovering from a previous dip to 37%. If the RSI continues to climb, it could indicate growing strength in UNI’s price action. Additionally, staying above the 60% level would significantly boost the chances of sustained bullish momentum and potential breakouts, further reinforcing the asset’s positive sentiment. Resistance Or Launchpad? What $8.74 Means For UNI’s Future The $8.74 level for Uniswap represents a critical point of resistance determining the next phase of its price movement. If UNI can break through this barrier, it could act as a launchpad for further gains, with the $10 mark and beyond becoming attainable targets as the upbeat pressure accelerates. Related Reading: UNI Price Bounces Back 13% Above $5.6, Can Bulls Maintain Control? However, if the resistance holds, it may trigger a pullback, which could cause UNI to test key support levels and possibly lead to a consolidation phase. Featured image from LinkedIn, chart from Tradingview.com
The broad market gauge CoinDesk 20 Index was higher by 8.2% versus bitcoin's 6% advance following Donald Trump's victory.
The crypto markets are painted in green as the market participants turn bullish after Donald Trump sweeps the polls, becoming the new President of the United States. With this, the token with fewer expectations of a breakout attracts massive volume and breaks out of range. The bulls constantly failed to elevate the Uniswap (UNI) pice …
Uniswap, the leading decentralized exchange (DEX) on Ethereum, is building and growing, looking at the number of processed volumes over the years. Uniswap Processes Over $2 Trillion On Ethereum Since launching in late 2018, on-chain data shows that the DEX has processed over $2 trillion in cumulative volume on the Ethereum mainnet. Related Reading: Top Crypto Analyst Unveils Strategy To ‘Make Millions’ By March 2025 The steady climb in cumulative volume points to Uniswap’s growth over the years and the team’s dedication to ensuring that the platform functions as originally designed. Unlike centralized exchanges like Binance or Coinbase, Uniswap relies on smart contracts for swapping. All transactions are initiated from a non-custodial wallet such as MetaMask, ensuring the holder retains control of all assets. No transaction is approved unless the wallet owner authorizes it. For the unique value proposition Uniswap presents, the platform continues to grow by leaps and bounds. The latest data from DeFiLlama reveals that the DEX manages over $4.9 billion worth of assets. At this level, Uniswap is the sixth largest DeFi protocol, cementing the dominance of Ethereum-based dapps. While users can choose from three protocol versions, the latest iteration, v3, is the largest, managing over $3 billion. Uniswap v3 was the first DEX to introduce concentrated liquidity to improve capital efficiency. Besides v3, users can swap on Uniswap across multiple chains, including the BNB Chain and Avalanche. However, DEX trading via Uniswap is popular on Ethereum, where the exchange manages over $3.9 billion. DeFi Dominance, UNI To $12? As DeFi gains traction and more traders opt to swap trustlessly, Uniswap will likely process even more transactions. Most importantly, the DEX may dominate DEX trading on Ethereum layer-2s, looking at trends. DeFiLlama data reveals that the dapp has a total value locked (TVL) of over $277 million. Related Reading: Bitcoin Signal That Led To At Least 70% Surge Has Formed Again Considering the role of the DEX on Ethereum and the fact that it is among the biggest contributors of gas fees, UNI could benefit in the coming sessions. From the daily chart, UNI is posting impressive higher highs and approaching a key resistance level. After dumping to $4.7 in early August, the token has almost doubled in valuation and is on the cusp of printing fresh Q4 2024 highs. A break above $8.5 could trigger a wave of demand that may see UNI float to $12. Feature image from Adobe Stock, chart from TradingView
Uniswap has surprisingly outpaced the broader market with the token experiencing an outstanding 17% uptick since last week, gaining bigger retail interest. This has been caused by a recent development that provided a new level of user experience on the platform. Related Reading: Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back This week, Uniswap announced Unichain, a new L2 with faster block times and cross-chain interoperability designed to be “the home for liquidity across chains.” Unichain: What’s The Gist? According to Uniswap’s most recent blog post, Unichain is designed to support Ethereum’s scaling which draws transaction fees to be as low as 95% compared to the Ethereum mainnet with the goal to drop it even further. Another feature that current and future users will love is the fast transaction times thanks to Unichain’s 1-second block times. As the platform matures, Unichain aims to release 250 millisecond block times in the future further decreasing transaction times while increasing the number of transactions the platform can handle. The faster transaction times are only possible because of the trusted execution environment (TEE), a feature designed with Flashbots, an R&D organization on Ethereum. Since Uniswap is already part of the Optimism Superchain, users of Unichain will enjoy built-in cross-chain interoperability, which only means that users can interact with other L2s that are part of the Superchain without any hitches. Right now, Uniswap has launched the Unichain Testnet Bridge Rewards program which will allow users to bridge to the Unichain testnet and experience the new L2. The platform has also set up a 20,000-participant Early Adopter Rewards program to encourage new users to join the infant platform. Once Unichain matures, Unichain will continue to grow to be a major competitor in the market. Continued Rejection On $8.186 Puts UNI In Awkward Position Despite the token experiencing a move upward, the $8.186 resistance level proves to be a tough nut to crack for investors and traders. As of writing, UNI is still trading between $7.518 and $8.186, placing the token in a very awkward position. UNI’s relative strength index (RSI) continues to signal that the token will fall below the $7.518 support level in the short to medium term. But it remains to be seen whether the current trading range will yield to the bears in the medium term. Related Reading: Whales Hoard $90 Million In Bitcoin: A Sign Of What’s To Come? At its current rate, UNI bulls will have to deal with a growing bearish sentiment that will wipe out the gains made within the previous week. In this case, investors and traders should be careful with entering the market right now as the token’s momentum will put UNI well below $7.518 short term. Featured image from Printler, chart from TradingView
Uniswap is making a surprising move, rallying in the face of bearish market conditions, and showing signs of resilience despite the downward pressure seen across the crypto space. As bullish sentiment begins to build, market participants are now focused on whether UNI can maintain this upward momentum and break new ground. As UNI continues to display strength, this analysis aims to determine whether Uniswap’s recent upward movement in spite of the broader bearish market conditions, has the potential to break through key resistance levels and reach new highs by examining the current price action and technical indicators. Indicators Point Toward More Upward Movement For Uniswap On the 4-hour chart, Uniswap is showing strength as it approaches the $8.7 resistance level while trading above the 100-day Simple Moving Average (SMA). UNI’s positioning above the SMA indicates a firm trend, suggesting that buyers are gaining confidence with the potential of targeting higher resistance levels. An analysis of the 4-hour Relative Strength Index (RSI) points to the possibility of continued upward movement, as the RSI has rebounded to the 73% threshold after previously dipping to 52%. This rise indicates that positive momentum is gaining traction, suggesting that buyers are increasingly in control and that further gains could be on the horizon. Related Reading: UNI Bullish Rebound Signals Upsurge, Targets $8.7 Resistance Ahead After successfully breaking above the daily 100-day SMA, UNI has been exhibiting strong upbeat movement signifying a shift in market sentiment, with buyers gaining confidence and pushing the price higher. If Uniswap can sustain this push, it may open the door for additional price appreciation and challenge higher resistance levels. Furthermore, the RSI on the daily chart is currently at 65%, having risen from a previous low of 43%. This upward movement suggests that UNI is gaining momentum, signaling more growth. If buying interest continues to hold steady, the positive trajectory indicated by the RSI could support an extended rally for Uniswap, reinforcing positive sentiment in the market. Potential Upside Targets: How Far Can the Bulls Push UNI? As Uniswap maintains its upward momentum, the immediate resistance level to watch is $8.7, which could pave the way for a challenge of higher thresholds if surpassed. A breakout above this level could see UNI targeting the $10.3 mark, where significant psychological resistance may come into play. Related Reading: UNI In Trouble? Key Indicators Cites Potential Drop Amid Market Downturn However, if Uniswap fails to maintain this strength and breaks above the $8.7 resistance level, it could result in a pullback, with the price sliding back toward the $6.7 support zone. A breakdown below this level could lead to more losses, possibly targeting lower support areas. Featured image from Adobe Stock, chart from Tradingview.com
The news is in line with the ongoing trend that's hit the Ethereum scaling world since the end of 2023: giant and familiar crypto exchanges launching their own layer-2 networks.
Ethereum bulls might struggle for momentum at press time, but other onchain data points to interesting developments. While ETH is trading above $2,400 but capped by determined sellers, IntoTheBlock data shows that nearly 30% of all circulating ETH has been staked. Over 34.4 Million ETH Staked In 9 Months As of October 8, IntoTheBlock analysts […]
An Apollo Crypto report links DeFi resurgence to US Federal Reserve rate cuts, China’s credit expansion and improved DeFi infrastructure.
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.
Ethereum price is down today as macroeconomic and crypto-specific factors put a dent in investors’ optimism.
As the crypto market stabilizes, top altcoins have successfully regained momentum by adding significant value to their respective portfolio within a short period. Following this, the Uniswap price records a jump of over 11% in the past seven days. With this, questions like “Will UNI price hit $10 in 2024?” and “How high will Uniswap …
This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan.
One CFTC commissioner dissented, calling the action “regulation by enforcement.”
Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, a CFTC press release said.
UNI, the native token of Uniswap, one of the top decentralized exchanges (DEXes), is under immense selling pressure. From the daily chart of the UNIUSDT, the token is down 62% from March highs, though prices have stabilized in the past few trading weeks. To put in the numbers, chart data shows that it is up nearly 35% from August lows, absorbing selling pressure. UNI Is Down But Uniswap Generates $50 Million In Revenue So Far Though UNI is far off from all-time highs, shaving nearly 85% from 2021 peaks, other exciting developments might help prices in the long term. Token Terminal data on August 25 shows that the DEX has generated $50 million in revenue so far. Related Reading: Toncoin Tumbles To $4.6 As Bears Eye Further Decline, Will Support Hold? Uniswap allows traders to trustless swap tokens on multiple platforms and blockchains. Originally, it launched on Ethereum in November 2018 before being deployed on the BNB Chain and various layer-2 platforms for Ethereum, including Arbitrum and Optimism. Unlike Binance, which is custodial, Uniswap users only need a non-custodial wallet to connect and swap. All trades are smart contracts-led and without an intermediary. At the same time, there is a broader pool of tokens, some of which are unavailable on top centralized exchanges like Binance. The advantages offered by Uniswap have seen the protocol expand the assets under management to over $4.73 billion, according to DeFiLlama. As of August 26, Uniswap is available on over ten platforms, but the protocol manages over $3.8 billion on Ethereum. Cumulatively, DeFiLlama data has generated over $2.3 billion in fees. All these fees are from swaps on Ethereum and all other platforms. In the last 24 hours, Uniswap has generated over $854,000 in fees. Is The Future Bright, Developers Prepare For V4 As crypto prices expand, it is also highly likely that DeFi activity will rise. Since the recovery from mid-October 2023 to the March 2024 high, DeFi total value locked (TVL) more than doubled. This expansion reflects rising interest and confidence from the community. According to DeFiLlama, DeFi TVL across all networks stood at around $40 billion in October but rose to over $106 billion by March 2024. As DeFi TVL rises, Uniswap will enable more swaps, increasing its fees. Moreover, the DEX will be a go-to platform as it enhances its protocol. Related Reading: XRP Set To Explode? Top Analyst Predicts $33 Rally Earlier this month, Uniswap Labs, which is developing the protocol, announced a $2.35 million prize pool for developers. The fund aims to reward developers who pick out flaws on Uniswap v4 before rollout. Once live, the new version of the DEX will offer new features, including custom oracles and Hooks for even more flexibility. Feature image from Adobe Stock, chart from TradingView
Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission's view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether the rest of the industry agrees or not.
Uniswap (UNI) price targets a comeback to $6.7 as bullish momentum continues to build. A break above the key level could signal a renewed bullish trend potentially leading to further gain for the cryptocurrency. With market sentiment gradually shifting, the question now is can Uniswap maintain its momentum and hold the line at $6.7, or […]
Uniswap (UNI) based on recent price movements has experienced a 13% rebound, pushing its price above the critical $5.6 level. This rebound which follows a period of bearish surge by the cryptocurrency has raised optimism among investors and traders as to whether the bulls can maintain this momentum and drive the price even higher. By offering insights and expert analysis, this article aims to provide readers with a comprehensive analysis of Uniswap’s recent 13% price rebound, which has pushed it above the $5.6 price mark. Additionally, it will assess the sustainability of the bullish momentum and evaluate whether the bulls can maintain control and drive UNI’s price higher. UNI is currently trading at around $5.77 and has increased by 13% with a market capitalization of over $3.4 billion and a trading volume of over $274 Million as of the time of writing. In the last 24 hours, the asset’s market cap has increased by 13.23%, while its trading volume has decreased by 13.55%. Technical Indicators: Signs Of Sustained Bullish Momentum For UNI Currently, the price of UNI on the 1-hour chart is bullish and is heading toward the 100-day Simple Moving Average (SMA). The digital asset has been on an upward spiral since breaking above the key level of $5.6, which indicates that the bulls are gaining control of the market and could drive the price higher. Additionally, an analysis of the 1-hour Composite Trend Oscillator reveals that the bulls are currently controlling the market. The signal line and its SMA have risen above the zero line and are approaching the overbought zone. This indicates that there is potential for the price to continue climbing higher. On the 4-hour, although Uniswap is still trading below the 100-day SMA, it can be observed that the crypto asset is attempting a bullish move toward the $6.7 resistance level. After the rebound at $4.8, UNI has been showing bullish resilience, thereby keeping its pace above this level. With this recent positive momentum, the digital asset could extend its rally to other resistance levels. Finally, on the 4-hour chart, the composite trend oscillator also indicates a rising bullish strength for the cryptocurrency as the signal has crossed above the SMA of the indicator and both are attempting to move out of the oversold zone. Expert Opinions: Will The Bulls Maintain Control? If the bulls can sustain their strength in the market, the price of UNI will continue to move upward toward the $6.7 resistance range. Should the price break and close above the $6.7 level, it may continue its rally toward the next resistance point at $8.7 and possibly other levels beyond. However, if Uniswap reverses its route at any of the previously mentioned resistance levels, it would begin to drop toward the direction of its previous support range at $5.6. When the price breaches this support level, it could signify a deeper bearish trend, leading to further price declines towards other lower levels. Featured image from Vectorstock, chart from Tradingview.com
Coinbase’s layer-2 blockchain hosts approximately 80% of Uniswap’s monthly active traders.
The Hashdex Nasdaq Crypto Index US ETF could see other cryptocurrencies added down the track, subject to all the necessary approvals.