2024

Uniswap

April

Uniswap price rose for five consecutive days as crypto analysts predicted further upside potential. 
The Uniswap (<a rel="" href="https://crypto.news/price/uniswap/">UNI</a>) token reached $12.37 on Monday, Nov. 25, marking its highest level since April 1. This represents a gain of over 150% from its lowest point this year. 
In an X post, Anasta Maverick, a popular cryptocurrency influencer with over 26,000 followers, <a rel="nofollow" href="https://x.com/AnastaMaverick/status/1860702443111166014" target="_blank">predicted the coin</a> could rise to $17.70, a 50% increase from its current level. 
Meanwhile, HypeManAlex, a crypto analyst with over 54,000 followers, estimated a possible surge to $100, a 733% jump. He highlighted Uniswap’s prominence in the decentralized exchange industry as a key factor. 
Data reveals that Uniswap supports over 20 chains, with a trading volume of over $26 billion in the past seven days. Since its launch, the platform has processed more than $1.54 trillion, including $81.7 billion in the last 30 days 
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Its biggest competitor, Raydium, handled $26.86 billion in the past week and $231 billion cumulatively 
The network has also <a href="https://crypto.news/uni-jumps-11-as-uniswap-debuts-its-own-layer-2-solution-unichain/" target="_blank">introduced Unichain</a>, a layer-2 solution currently in its testnet phase, with the public mainnet expected by late 2024 or early 2025. Unichain aims to provide a better alternative to Ethereum, Solana, and Arbitrum. 
However, the risk that Uniswap price faces is that whales have continued to sell the coin. <a href="https://etherscan.io/tx/0xde48bc9eeafb8fcfaeb7e3e29e1164030b60ece613bec423c4fd589adc43ebd2" target="_blank" rel="nofollow">Data on Etherscan shows</a> that one whale moved over 466,000 UNI tokens worth $5.4 million to OKX, an important step of selling it. Another whale moved tokens <a href="https://etherscan.io/tx/0x828edcd7a3c32bc461b17f698bb9108158f8d4ae0226cc6ad01964710f2574cf" target="_blank" rel="nofollow">worth $1.29 million</a> to Coinbase. 
<h2 class="wp-block-heading" id="uniswap-price-analysis">Uniswap price analysis</h2> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/11/Uniswap-price.png" alt="uniswap price" class="wp-image-14313707">
 <figcaption class="wp-element-caption">
 UNI chart | Source: <a href="https://crypto.news/price/uniswap/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
The daily chart indicates that UNI has formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages crossed each other. 
A cup and handle pattern, characterized by a rounded bottom followed by consolidation, is also evident. This pattern suggests a potential bounce to $17 in the near term. 
However, a rise to $100 in 2024 appears unlikely, as it would require a 733% increase from the current level. A drop below the $9 support level would invalidate the bullish outlook. 
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Uniswap price to see “explosive rally”: can UNI hit $100?

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