- Bullish UNI price prediction for 2023 is $4.770 to $6.484.
- Uniswap (UNI) price might reach $10 soon.
- Bearish UNI price prediction for 2023 is $2.951.
In this Uniswap (UNI) price prediction 2023, 2024-2030, we will analyze the price patterns of UNI by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
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INTRODUCTION |
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UNISWAP (UNI) PRICE PREDICTION 2023 |
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| Uniswap (UNI) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Uniswap (UNI) Current Market Status
| Current Price | $3.94 | 24 – Hour Price Change | 1.36% Up |
| 24 – Hour Trading Volume | |
| Market Cap | $2,259,293,719 |
| Circulating Supply | 577,501,031 UNI | All – Time High | $44.97 (On May 03, 2021) |
| All – Time Low | $0.419 (On Sep 17, 2020) |
Uniswap 24H Technicals
(Source: TradingView)
What is Uniswap (UNI)
| TICKER | UNI |
| BLOCKCHAIN | Uniswap blockchain |
| CATEGORY | Public blockchain platform |
| LAUNCHED ON | November 2018 |
| UTILITIES | Governance, Fast Transactions, gas fees & rewards |
Uniswap (UNI) is the governance token of Uniswap, one of the fully decentralized exchanges. Uniswap is a decentralized exchange protocol existing on Ethereum. It equips the Ethereum network with automated market makers (AMMs) and thereby enhances the ease of swapping ERC-20 tokens.
UNI was launched as an ERC-20 token in 2020. Uniswap (UNI) grants voting rights to the users for participating in the governance proposals of Uniswap.
Uniswap platform enables permissionless listing of ERC-20 tokens. Any listed ERC-20 token gets its own exchange smart contract and liquidity pool on Uniswap. Users can trade ERC-20 tokens with ease and can also contribute to the liquidity pool. Liquidity providers (LPs) earn a 0.3% fee for contributing to the pool. The price of tokens on Uniswap is determined based on the supply and demand of the tokens held up in the pool.
Uniswap was launched in November 2018 and the subsequent upgraded iterations, V2 and V3 were launched in 2020 and 2021 respectively.
Uniswap (UNI) Price Prediction 2023
Uniswap (UNI) ranks 27th on CoinMarketCap in terms of its market capitalization. The overview of the Uniswap price prediction for 2023 is explained below with a daily time frame.
UNI/USDT Double Bottom Pattern (Source: TradingView)
In the above chart, Uniswap (UNI) laid out a double bottom pattern. A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound another drop to the same or similar level as the original drop, and finally another rebound. The double bottom pattern always follows a major or minor downtrend in particular security and signals the reversal and the beginning of a potential uptrend.
At the time of analysis, the price of Uniswap (UNI) was recorded at $3.94. If the pattern trend continues, then the price of UNI might reach the resistance levels of $5.135 and $6.853. If the trend reverses, then the price of UNI may fall to the support of $3.710.
Uniswap (UNI) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Uniswap (UNI) in 2023.
UNI/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Uniswap (UNI) for 2023.
| Resistance Level 1 | $4.770 |
| Resistance Level 2 | $6.484 |
| Support Level 1 | $3.621 |
| Support Level 2 | $2.951 |
UNI Resistance & Support Levels
Uniswap (UNI) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (UNI) are shown in the chart below.
UNI/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Uniswap (UNI) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $4.298Price = $3.858 (50MA>Price) |
Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 31.642 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Uniswap (UNI) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Uniswap (UNI) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
UNI/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Uniswap (UNI).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 20.223 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 47.83
<50 = Low |
Low volatility |
Comparison of UNI with BTC, ETH
Let us now compare the price movements of Uniswap (UNI) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs UNI Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of UNI is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of UNI also increases or decreases respectively.
Uniswap (UNI) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Uniswap (UNI) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Uniswap (UNI) Price Prediction 2024 | $12 | $8 |
| Uniswap (UNI) Price Prediction 2025 | $14 | $6 |
| Uniswap (UNI) Price Prediction 2026 | $16 | $4 |
| Uniswap (UNI) Price Prediction 2027 | $18 | $2 |
| Uniswap (UNI) Price Prediction 2028 | $20 | $1 |
| Uniswap (UNI) Price Prediction 2029 | $22 | $0.7 |
| Uniswap (UNI) Price Prediction 2030 | $25 | $0.5 |
Conclusion
If Uniswap (UNI) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Uniswap (UNI) price prediction for 2023 is $6.484. Comparatively, if unfavorable sentiment is triggered, the bearish Uniswap (UNI) price prediction for 2023 is $2.951.
If the market momentum and investors’ sentiment positively elevates, then Uniswap (UNI) might hit $10. Furthermore, with future upgrades and advancements in the Uniswap ecosystem, UNI might surpass its current all-time high (ATH) of $44.97 and mark its new ATH.
FAQ
1. What is Uniswap (UNI)?
Uniswap (UNI) is the governance token of Uniswap, a decentralized exchange protocol on Ethereum that facilitates the smooth swapping of ERC-20 tokens. UNI was launched in 2020.
2. Where can you buy Uniswap (UNI)?
Traders can trade Uniswap (UNI) on the following cryptocurrency exchanges such as Binance, WEEX, OKX, LBank, and Bybit.
3. Will Uniswap (UNI) record a new ATH soon?
With the ongoing developments and upgrades within the Uniswap platform, Uniswap (UNI) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Uniswap (UNI)?
Uniswap (UNI) hit its current all-time high (ATH) of $44.97 on May 03, 2021.
5. What is the lowest price of Uniswap (UNI)?
According to CoinMarketCap, UNI hit its all-time low (ATL) of $0.419 on Sep 17, 2020.
6. Will Uniswap (UNI) hit $10?
If Uniswap (UNI) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.
7. What will be the Uniswap (UNI) price by 2024?
Uniswap (UNI) price might reach $12 by 2024.
8. What will be the Uniswap (UNI) price by 2025?
Uniswap (UNI) price might reach $24 by 2025.
9. What will be the Uniswap (UNI) price by 2026?
Uniswap (UNI) price might reach $16 by 2026.
10. What will be the Uniswap (UNI) price by 2027?
Uniswap (UNI) price might reach $18 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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- Source: https://thenewscrypto.com/uniswap-uni-price-prediction/
