cryptocurrency

Uniswap (UNI) 2022 Price Prediction – Will UNI Hit $25 Soon?

  • The bullish UNI price forecast is $8.10 to $18.51.
  • Uniswap (UNI) The price may also reach $25 soon.
  • UNI bearish price prediction for 2022 is $3.51.

In Uniswap (UNI) Price Forecast for 2022, we use statistics, price patterns, RSI, RVOL and other information about UNI to analyze the future movement of cryptocurrencies.

Uniswap (UNI) Current Market Status

according to Queen GekkoUniswap (UNI) price is $6.38 with a 24-hour trading volume of $84,230,911 at the time of writing. However, UNI is down 0.67% in the last 24 hours.

Furthermore, Uniswap (UNI) has a circulating supply of 745,863,424 UNI. Uniswap (UNI) trades on cryptocurrency exchanges such as Binance, OKX, Coinbase Exchange, FTX and LBank.

What is Uniswap (UNI)?

Uniswap (UNI) is the governance token for Uniswap, a fully decentralized exchange. Uniswap is a decentralized exchange protocol found on Ethereum. It equips the Ethereum network with automated market makers (AMMs) and thus enhances the ease of switching ERC-20 tokens.

UNI was launched as an ERC-20 token in 2020. Uniswap (UNI) grants voting rights to users to participate in Uniswap’s governance proposals.

The Uniswap platform allows ERC-20 tokens to be inserted without permission. Any token included in ERC-20 gets its own smart exchange contract and liquidity pool on Uniswap. Users can easily trade ERC-20 tokens 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 in the pool.

Uniswap launched in November 2018 and subsequent iterations, V2 and V3 launched in 2020 and 2021 respectively.

Uniswap (UNI) Price Forecast 2022

Uniswap (UNI) is at number 28 on CoinGecko at the moment. UNI 2022 price forecast is explained below with daily time frame.

UNI/USDT Falling Wedge Pattern (Source: TradingView)

The above chart of Uniswap (UNI) has drawn a bearish wedge which is a bullish pattern. Together with the formation of the rising wedge, these two patterns form a strong pattern that indicates a change in the direction of the trend. The falling wedge pattern is considered a reversal pattern, although there are examples where it is easier to continue the same trend. A falling wedge pattern occurs when the price moves in an overall uptrend before correcting the price action downwards.

Currently, Uniswap (UNI) is in the $6.38 range. If the pattern continues, UNI price could reach the $6.53 and $9.53 resistance levels. If the trend reverses, UNI could drop to $5.67.

Uniswap (UNI) Support and Resistance Levels

The chart below shows the Uniswap (UNI) support and resistance levels.

UNI USDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of 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 charts show that Uniswap (UNI) has performed an upward trend over the past month. If this trend continues, UNI may work in tandem with the bulls breaking the resistance level at $18.51.

Accordingly, if investors turn against the cryptocurrency, the price of Uniswap (UNI) could drop to close to $3.51, which is a bearish sign.

Uniswap (UNI) Price Prediction 2022 – RVOL, MA and RSI

The relative size (RVOL) of Uniswap (UNI) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, UNI’s RVOL is below the cutoff line, indicating the weakness of participants in the current trend.

UNI / USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of Uniswap (UNI) is shown in the above chart. Notably, Uniswap (UNI) price is below 50 MA (short term), so it is in a downtrend. Currently, UNI has entered a bullish state. Therefore, there is a possibility of a reversal of the UNI trend at any time.

Meanwhile, the Relative Strength Index (RSI) of UNI is 43.61. This means that Uniswap (UNI) is almost in an oversold state. However, this means that a major reversal of the UNI price may occur in the coming days. Therefore, traders need to trade carefully.

Uniswap (UNI) Price Forecast 2022 – ADX, RVI

Let us now take a look at Uniswap (UNI) Average Directional Indicator (ADX). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

UNI / USDT ADX, RVI (Source: TradingView)

The chart above represents the ADX indicator for Uniswap (UNI). Currently, UNI’s ADX is in the 26.18 range and therefore, it is indicating a strong trend.

The chart above also represents Uniswap’s (UNI) Relative Volatility Index (RVI). RVI measures the continuous deviation of price changes over a period of time. The RVI for UNI is below 50, which indicates low volatility. In fact, the Uniswap Relative Strength Index (UNI) is at 43.61 confirming a possible sell signal.

Comparison of UNI, BTC and ETH

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and Uniswap (UNI).

BTC Vs ETH Vs UNI Price Comparison (Source: TradingView)

From the above chart, we can interpret that UNI’s price action is similar to BTC and ETH. This indicates that when the price of BTC and ETH goes up, the price of UNI goes up, and when the price of BTC and ETH goes down, the price of UNI goes down.

Uniswap (UNI) Price Forecast 2023

If the price action’s decline completely slows down in momentum and the trend reverses, Uniswap (UNI) Maybe up to $45 by 2023.

Uniswap (UNI) Price Forecast 2024

With several network upgrades, Uniswap (UNI) may enter an upward trajectory. If the coin grabs the attention of major investors, UNI could rise to $65 by 2024.

Uniswap (UNI) Price Forecast 2025

If Uniswap (UNI) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next seven years, UNI will rise to $85.

Uniswap (UNI) Price Forecast 2026

If Uniswap (UNI) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, UNI will rise to $105.

Uniswap (UNI) Price Forecast 2027

If Uniswap (UNI) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, UNI will rise to $125.

Uniswap (UNI) Price Forecast 2028

Uniswap (UNI) maintains a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By paying significant price hikes, UNI will reach $145 in 2028.

Uniswap (UNI) Price Forecast 2029

If investors flock and continue to place their bets on Uniswap (UNI), this will see huge spikes. UNI could reach $165 by 2029.

Uniswap (UNI) Price Forecast 2030

With greater developments in the primary attention token platform, the crypto community may continue to invest in UNI over the next eight years and drive significant price hikes for the token. Thus, Uniswap (UNI) could reach $185 by 2030.

conclusion

With the continuous improvements at 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 forecast for Uniswap (UNI) for 2022 is $3.51.

Moreover, with developments and upgrades in the underlying attention token ecosystem, it will help UNI’s performance reach an all-time high (ATH) of $44.92 soon. But, it could also be as high as $25 if investors think UNI is a good investment in 2022.

Instructions

1. What is Uniswap (UNI)?

Uniswap (UNI) is the governance token for Uniswap, a decentralized exchange protocol on Ethereum that facilitates the seamless exchange of ERC-20 tokens. UNI was launched in 2020.

2. Where can you buy Uniswap (UNI)?

Uniswap (UNI) is listed on several cryptocurrency exchanges including Binance, OKX, Coinbase Exchange, FTX, and LBank.

3. Will Uniswap (UNI) come to a new ATH soon?

With the continuous developments and updates within Uniswapplatform, Uniswap (UNI) has a high potential to reach ATH soon.

4. What is the current highest level (ATH) of Uniswap (UNI)?

On May 03, 2021, Uniswap (UNI) reached a new all-time high (ATH) at $44.92.

5. Is Uniswap (UNI) a good investment in 2022?

Uniswap (UNI) appears to be one of the best cryptocurrencies to gain this year. According to Uniswap’s achievements recorded in the past few months, UNI is a good investment in 2022.

6. Can Uniswap (UNI) go up to $25?

Uniswap (UNI) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this uptrend continues, Uniswap (UNI) will reach $25 soon.

7. What will be the price of Uniswap (UNI) by 2023?

Uniswap (UNI) is expected to reach $45 by 2023.

8. What will be the price of Uniswap (UNI) by 2024?

Uniswap (UNI) is expected to reach $65 by 2024.

9. How much will Uniswap (UNI) cost by 2025?

Uniswap (UNI) is expected to reach $85 by 2025.

10. What will be the price of Uniswap (UNI) by 2026?

Uniswap (UNI) is expected to reach $105 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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