Convergence

Uniswap

Coin

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/uniswap-forms-bullish-pattern-uni-price-to-hit-15-this-month/" rel="noopener noreferrer nofollow">Uniswap Forms Bullish Pattern! UNI Price To Hit $15 This Month?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto market has recorded a strong bearish price action over the past two days, resulting in top altcoins leveling all their gains from the recent pump. Moreover, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a>, has failed to hold momentum and dropped below the $67,000 mark.</p>
<p>On the other hand, the Uniswap price has experienced a bullish reversal in its chart, indicating a switch of investor’s interest toward these altcoins. With the rising price volatility, will the <a href="https://coinpedia.org/price-prediction/uniswap-uni-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">UNI Coin price</a> hit $15 this June?</p>
<h2 class="wp-block-heading" id="h-uni-coin-price-records-a-bullish-reversal">UNI Coin Price Records A Bullish Reversal:</h2>
<p>The <a href="https://markets.coinpedia.org/uniswap/" target="_blank" rel="noopener noreferrer nofollow">Uniswap token</a> continues to display volatility in its portfolio by recording a significant price fluctuation over the past few days. Notably, the altcoin has recorded a jump of 9.26% within the past 24 hours despite experiencing a 30.68% drop in its trading volume, indicating increasing bullish sentiment.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfAiFMhHyureP6Mdd_H1ImEffT_HKhkLpI0Jk-Bx3OigW8IuQB8AQjnrxmtHJY8_LyfHJw3QYx8LZdkgoRCng5qnL6En3aPqpckpOPn-uezSioFAp8q9no182HAyYGEWStJ0qqDL-Km_Q0y72MB_ldwolA?key=TktS4CQFcM_UIuykmi7dXw" alt="UNI Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: UNI/USDT
 </figcaption>
</figure>
<p>Furthermore, the Uniswap (UNI) price has formed a falling channel pattern in the 1D time frame and has continued to trade within it since mid-May, indicating increasing price action for the UNI token.</p>
<p>The technical indicator, SMA, records a positive crossover, suggesting increased bullish sentiment for the Uniswap crypto in the market.</p>
<p>The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, highlighting an increase in the buying-over-selling pressure in the crypto space. Moreover, the averages show a high possibility of a bullish convergence in the 1D time frame.</p>
<h2 class="wp-block-heading" id="h-will-uniswap-price-go-up-again">Will Uniswap Price Go Up Again?</h2>
<p>If the market continues to gain momentum, the UNI crypto will prepare to test its resistance trend line of the channel pattern. In case of a breakout, the Uniswap price will prepare to test its upper resistance level of $13.510 during the upcoming week.</p>
<p>Conversely, if a trend reversal occurs, the altcoin will lose momentum and test its support level of $9.90. Moreover, if the bears continue to dominate the crypto space, the UNI price will plunge toward its important support level of $8.40 this month.</p>

Uniswap Forms Bullish Pattern! UNI Price To Hit $15 This Month?

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