Cryptocurrency EducationEthereumIndustry AnalysisNEARNewsPrice PredictionSecurityUNI

Will it Recover Or Fall More?

2 Mins read

Uniswap has almost retraced its recent profits, losing ground near the 20-day EMA on Wednesday to fall further. UNI price slumped below near the 50-day EMA breaking below the 20-day EMA.

The recent decline wiped out the collective gains of the previous month which now is at a mere 2.3%. The UNI crypto is down over 18% a week. Moreover, the price also failed to recover the decline and is down over 3.8% as of now. 

Uniswap is a decentralized trading protocol that enables automated and decentralized trading of DeFi tokens. It uses the AMM model. It aims to solve the liquidity problem of the traditional exchanges. 

Moreover, It allows anyone to create and join liquidity pools for any token pairs. It also improves the efficiency and security of trading.

The native token of Uniswap is “UNI” which is an ERC-20 token. It runs on Ethereum. It provides several benefits to the token holders like voting on the network decisions. 

Uniswap Price Surrenders Recent Gains: Will it Recover Or Fall More?
Source: CoinMarketCap

The long term trend analysis of the UNI crypto exhibits a positive outlook as of now. The UNI token has added over 45% in the past three months despite an 18% fall in the recent sessions. 

From the technical perspective, the recent break below the short term EMA (20-day) and a further fall without any rejection was seen as a fresh trigger for bearish traders. 

The extended decline in the UNI cryptocurrency is more likely to find support near the higher EMAs and the recent breakout level. However, if the selling pressure continues, it will reaffirm the negative bias in the short term. 

Uniswap Price Prediction January 2024

Uniswap Price Surrenders Recent Gains: Will it Recover Or Fall More?
Source: UNI/USDT by TradingView

The price outlook for the short term is neutral. If the bulls attempt to drive the price higher it may reach a high of $8.2 by the month end. While as if the bears continue to dominate and the price may fall further to $5 level. 

Uniswap Price Prediction 2024

The most optimistic estimate of the analysts expects the price to reach a high of $11.45, indicating an upside potential of over 77.8%. The pessimistic outlook of the analysts assumes the price to reach $9.28.

Uniswap Price Prediction 2025

Over the next two years, the Uniswap cryptocurrency price may incline to a high of $15.38. On the flip side, the minimum value up to which Uniswap crypto may reach is expected as $12.15 

Uniswap Price Prediction 2026 

The Uniswap cryptocurrency price may reach a high of $21.33 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $16.30 by 2026.

Uniswap Price Prediction 2027

Over the next three years the Uniswap crypto may see a high price hike. The price may therefore reach a high of $25.96 by the year end. Whereas the lower value that the price cloud achieves is $19.46. 

Uniswap Price Prediction 2028

The analysts are optimistic about Uniswap future prices and predict that the price could go up to $33.05 in the next four years. However, the pessimistic analysts expect the price to drop to $24.78. 

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Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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