Uniswap

Uniswap’s native token, UNI, has been struggling in terms of its price action over the past few weeks. Although the general state of the crypto market may be blamed for this gloomy price performance, other factors, such as the <a href="https://www.newsbtc.com/news/uniswap-bloodbath-uni-price-crashes-16-on-sec-lawsuit-fears/" target="_blank" rel="noopener ">Wells Notice</a> from the US Securities and Exchange Commission (SEC) to the Uniswap protocol, have also played a role. 
However, the UNI price appears to be recovering well, as the token has jumped by more than 2% in the past day. A popular crypto pundit on X has predicted that a bullish rally might only just be beginning for the DeFi coin, but the question is – how far can Uniswap’s price go? 
<h2 id="strong-analyst-sets-10-target-for-uniswap-price-strong">Analyst Sets $10 Target For Uniswap Price</h2> 
In a recent <a href="https://x.com/ali_charts/status/1781289139356176755" target="_blank" rel="noopener nofollow">post on the X</a> platform, prominent crypto analyst Ali Martinez put forward an exciting bullish prediction for the price of UNI. According to the expert, the cryptocurrency might be getting ready for a run to the upside in the coming days. 
The rationale behind this bullish prognosis for the Uniswap token is based on the TD (Tom DeMark) Sequential Indicator. The <a href="https://www.newsbtc.com/matic/crypto-analyst-forecasts-matic-price-recovery-with-this-16-swing/" target="_blank" rel="noopener ">Tom Demark Sequential</a> is an indicator in technical analysis used to identify the probable time and points of trend exhaustion and price reversal. 
<img loading="lazy" decoding="async" class="aligncenter wp-image-604178 size-large" src="https://www.newsbtc.com/wp-content/uploads/2024/04/GLg7NsBWwAAuQlT.jpeg?w=860&amp;resize=860%2C562" alt="Uniswap " width="860" height="562" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/GLg7NsBWwAAuQlT.jpeg?w=1200 1200w, https://www.newsbtc.com/wp-content/uploads/2024/04/GLg7NsBWwAAuQlT.jpeg?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/GLg7NsBWwAAuQlT.jpeg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/GLg7NsBWwAAuQlT.jpeg?w=860&amp;resize=860%2C562 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/GLg7NsBWwAAuQlT.jpeg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/GLg7NsBWwAAuQlT.jpeg?w=1140 1140w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
The TD Sequential indicator consists of two stages, namely the “setup” and the “countdown” phases. As shown in the chart above, UNI’s price just completed the setup phase, which comprises nine consecutive candles that closed lower than the candle four periods ago. 
The completion of this phase usually signals a potential trend reversal for the token’s price. The direction of the reversal depends on the type of candles that formed the “setup” (I.e., red candles would suggest a bottom for the asset, while green candles would imply a top). 
Martinez noted in his post that the TD Sequential has flashed a <a href="https://www.newsbtc.com/analysis/pepe/pepe-ready-to-jump-crypto-analyst-forecasts-65-price-surge-heres-how/" target="_blank" rel="noopener ">buy alarm</a> on the UNI daily chart, and the token might be “gearing up for a 1 – 4-day rally. According to the analyst, the DeFi coin could jump as high as $10, representing an over 31% surge from the current price point. 
<h2 id="strong-uni-price-overview-strong">UNI Price Overview</h2> 
As of this writing, the price of UNI stands at around $7.46, reflecting a 2% jump in the past 24 hours. However, this latest price increase is not enough to bring the coin to profit on the weekly timeframe. 
According to CoinGecko’s data, Uniswap’s price is down by more than 4% in the past seven days. The <a href="https://www.newsbtc.com/analysis/uni/uni-price-prediction-uniswap-7-65/" target="_blank" rel="noopener ">cryptocurrency would look to regain</a> the $10 level, having lost it due to the news of the SEC’s looming action.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/Qv9hyJ9A/" alt="Uniswap" width="2174" height="1434">

Uniswap Resurgence Incoming? Analyst Predicts 30% Surge For UNI Price

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