- Bullish UNI Price Prediction is $8.10 to $18.51.
- Uniswap (UNI) The price may also reach $25 soon.
- The Bearish UNI price forecast for 2022 is $3.51.
In Uniswap(UNI) Price Forecast 2022, we use statistics, price patterns, RSI, RVOL, and other information about the UNI to analyze the future movement of the cryptocurrency.
Uniswap(UNI) Current Market Position
According to coingecoAt the time of writing, Uniswap(UNI) is priced at $6.38 and has a 24-hour trading volume of $84,230,911. However, the UNI decreased by 0.67% in the last 24 hours.
In addition, Uniswap (UNI) has a circulating supply of 745,863,424 UNIs. Uniswap (UNI) trades on cryptocurrency exchanges such as Binance, OKX, Coinbase Exchange, FTX, LBank.
What is Uniswap (UNI)?
Uniswap (UNI) is the governance token of Uniswap, one of the fully decentralized exchanges. Uniswap is a decentralized exchange protocol present on Ethereum. It equips the Ethereum network with Automated Market Makers (AMMs) thus increasing the ease of swapping ERC-20 tokens.
UNI was launched in 2020 as an ERC-20 token. Uniswap (UNI) provides users with voting rights to participate in Uniswap’s governance proposals.
The 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 easily trade ERC-20 tokens and 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 tokens held in the pool.
Uniswap was launched in November 2018 and the later upgraded iterations, V2 and V3, were launched in 2020 and 2021 respectively.
Uniswap(UNI) Price Prediction 2022
Uniswap(UNI) is currently ranked 28th on CoinGecko. UNI Price Forecast 2022 with daily time frame is explained below.
There is a falling wedge forming a bullish pattern in the above chart of Uniswap (UNI). With the formation of the rising wedge, these two form a powerful pattern indicating a change in the direction of the trend. A falling wedge pattern is considered a reversal pattern, although there are instances when it facilitates a continuation of the same trend. A falling wedge pattern occurs when price is moving up in an overall bullish trend before price action turns lower.
Currently, Uniswap(UNI) is in the range of $6.38. If the pattern continues, UNI price may reach the $6.53 and $9.53 resistance levels. If the trend reverses, the price of UNI could drop to $5.67.
Uniswap (UNI) Support and Resistance Levels
The chart below shows the support and resistance levels of Uniswap(UNI).
From the above daily time frame, we can clearly interpret the following as resistance and support levels for Uniswap(UNI).
- Resistance Level 1 – $8.10
- Resistance Level 2 – $12.49
- Resistance Level 3 – $18.51
- Support Level 1 – $8.10
- Support Level 2 – $5.96
- Support Level 3- $3.51
The chart shows that Uniswap(UNI) has shown a bullish trend over the past month. If the trend continues, UNI may follow with the bulls and cross its resistance at $18.51.
Accordingly, if investors turn against the crypto, the price of Uniswap (UNI) could drop to around $3.51, which is a bearish signal.
Uniswap(UNI) Price Prediction 2022 — RVOL, MA, and RSI
The relative volume (RVOL) of Uniswap(UNI) is shown in the chart below. It is an indicator of how the current trading volume has changed over time from the previous trading volume. Presently, the RVOL of UNI is below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Uniswap(UNI) is shown in the chart above. Specifically, Uniswap (UNI) price is trading below the 50 MA (short term), so it is in a downtrend. Currently, UNI has entered a bullish position. Therefore, there is a possibility of a reversal trend of UNI at any point in time.
Meanwhile, the relative strength index (RSI) of UNI is 43.61. This means that Uniswap(UNI) is almost oversold. However, this means that there could be a major price reversal of the UNI in the coming days. Therefore, traders need to trade with caution.
Uniswap(UNI) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Uniswap (UNI). It helps to measure the overall strength of the trend. The indicator expansion price is the average of the range values. This system attempts to measure the strength of price movement in positive and negative directions by using the DMI indicators along with the ADX.
The above chart shows the ADX of Uniswap(UNI). Currently, ADX of UNI is in the range of 26.18 and thus, it indicates a strong trend.
The chart above also represents the Relative Volatility Index (RVI) of UNISWAP (UNI). RVI measures the continuous deviation of price changes over a period of time. The RVI of the UNI is below 50, indicating low volatility. In fact, the RSI for Uniswap (UNI) is at 43.61, confirming a potential sell signal.
Comparison of UNI with BTC, ETH
The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH) and Uniswap (UNI).
From the above chart, we can interpret that the price action of UNI is similar to that of BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of UNI increases. When the price of BTC and ETH decreases, the price of UNI decreases.
Uniswap(UNI) Price Prediction 2023
If the falling price action slows down completely and the trend reverses, then Uniswap(UNI) Expected to reach $45 by 2023.
Uniswap(UNI) Price Prediction 2024
With several upgrades in the network, Uniswap(UNI) may be entering a bullish path. If the coin catches the attention of major investors, the UNI could rally to reach $65 by 2024.
Uniswap(UNI) Price Prediction 2025
If Uniswap(UNI) maintains the key resistance levels and is recognized as a better investment option among investors for the next 7 years, UNI will reach $85.
Uniswap(UNI) Price Prediction 2026
If Uniswap(UNI) maintains the key resistance levels and is recognized as a better investment option among investors for the next 4 years, UNI will reach $105.
Uniswap(UNI) Price Prediction 2027
If Uniswap(UNI) maintains the key resistance levels and is recognized as a better investment option among investors for the next 5 years, UNI will reach $125.
Uniswap(UNI) Price Prediction 2028
Uniswap (UNI) holds a strong position as a better investment option for the next 6 years amid highly volatile crypto market trends. UNI will reach $145 in 2028, driving significant price rallies.
Uniswap(UNI) Price Prediction 2029
If investors come and continue to place their bets on Uniswap (UNI), it will see a huge rally. UNI could reach $165 by 2029.
Uniswap(UNI) Price Prediction 2030
With more progress in the Basic Attention token ecosystem, the crypto community can continue to invest in UNI for the next 8 years and drive a significant price rally for the token. Therefore, Uniswap(UNI) could reach $185 by 2030.
With the continuous improvement of UniswapNetwork, we can say that 2022 is a good year for UNI. For this reason, the bullish price forecast for Uniswap(UNI) in 2022 is $18.51. On the other hand, the Bearish Price Prediction of Uniswap(UNI) Price Prediction for 2022 is $3.51.
Furthermore, with progress and upgrades in the Basic Attention token ecosystem, the performance of UNI will help it reach its current all-time high (ATH) of $44.92 very soon. But, it can even reach up to $25 if investors think UNI is a good investment in 2022.
Uniswap (UNI) is the governance token of Uniswap, a decentralized exchange protocol on Ethereum that facilitates easy swapping of ERC-20 tokens. UNI was launched in 2020.
Uniswap (UNI) is listed on several crypto exchanges including Binance, OKX, Coinbase Exchange, FTX, LBank.
With the ongoing development and upgrade within the Uniswapplatform, Uniswap (UNI) has a high probability of reaching its ATH soon.
On May 03, 2021, Uniswap (UNI) reached its new all-time high (ATH) of $44.92.
Uniswap (UNI) appears to be one of the biggest gainers this year. According to Uniswap’s recorded achievements over the past few months, UNI is considered a good investment in 2022.
Uniswap (UNI) is one of the active cryptos that continues to maintain its bullish position. Finally, if this bullish trend continues Uniswap (UNI) will soon reach $25.
The price of Uniswap (UNI) is expected to reach $45 by 2023.
The price of Uniswap (UNI) is expected to reach $65 by 2024.
The price of Uniswap (UNI) is expected to reach $85 by 2025.
The price of Uniswap (UNI) is expected to reach $105 by 2026.
Disclaimer: The opinions expressed in this chart are solely those of the author. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their research before investing.
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