Donald Trump

Uniswap

Uniswap continued its strong rally, rising for three straight weeks, and reaching its highest level in three years. 
Uniswap (<a href="https://crypto.news/price/uniswap/" target="_blank">UNI</a>), the biggest player in the decentralized exchange industry, jumped to $18.38, up by over 400% from its lowest level in 2023. 
Crypto analysts are optimistic that the coin will continue rising, and even reach its all-time high of near $45. Such a move would imply a 135% from the current level. 
In an X post, <a href="https://x.com/Sus_Ape/status/1864993225674457368" target="_blank" rel="nofollow">Sus Ape</a>, a crypto analyst, identified a few catalysts that may help the coin jump to a record high.&nbsp; 
First, he sees Unichain as a gamechanger in the network’s evolution. Unichain, which is set to launch soon, will be its layer-2 network and will have features like multi-chain token spending, instant transactions, and significantly lower fees. Cryptocurrencies often rally ahead of a major event or launch.&nbsp; 
Ape also sees the upcoming Uniswap Router V4 launch, which will happen before the year ends. The fourth version will enable hooks, dynamic fees, and have a singleton design. 
Uniswap price will also benefit from the recent election of Donald Trump, and his decision to <a href="https://crypto.news/president-trump-confirms-paul-atkins-as-top-pick-for-sec-chair/" target="_blank">appoint Paul Atkins</a> to be the next head of the Securities and Exchange Commission. Atkins may decide to drop charges the agency brought under Gary Gensler, in which it was accused of selling unregistered securities.&nbsp; 
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Meanwhile, third-party data shows that Uniswap’s volume of transactions has risen in the past few weeks. 
Its weekly transactions rose by 27% to over $31 billion, more than double what Raydium (<a href="https://crypto.news/price/raydium/" target="_blank">RAY</a>) handled. It has cumulatively handled volume worth $1.56 trillion. 
 You might also like: <a rel="" href="https://crypto.news/unichain-could-raise-468m-a-year-for-uniswap-labs-and-uni-token-holders-defi-report/"> Unichain could raise $468m a year for Uniswap Labs and UNI token holders: DeFi Report </a> 
<h2 class="wp-block-heading" id="uniswap-price-analysis">Uniswap price analysis</h2> 
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 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/12/Uniswap-price.png" alt="Uniswap price" class="wp-image-14317300">
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 Uniswap price chart | Source: <a href="https://crypto.news/price/uniswap/" target="_blank">crypto.news</a>
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The daily chart shows that the UNI price has staged a strong rally in the past few weeks. It has crossed the important resistance level at $17.05, the upper side of the cup and handle pattern. C&amp;H is characterized by a rounded bottom and is often a continuation sign. 
Uniswap also formed a golden cross pattern as the 200-day and 50-day moving averages flipped each other. Also, the Percentage Price Oscillator and the relative strength index have pointed upwards — a sign that it has the momentum.&nbsp; 
Therefore, the next potential Uniswap price target is $30. This target is established by measuring the depth of the cup, and then extrapolating the same distance from the upper side of the cup. 
A move to its all-time high will be confirmed if it moves above that level and if the ongoing crypto bull run continues. 
 Read more: <a rel="" href="https://crypto.news/donald-trump-may-tap-paul-atkins-as-sec-chair/"> Donald Trump may tap Paul Atkins as SEC chair </a>

Uniswap ‘on steroids’ could propel rally to $45, crypto analyst says

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