bullish

Uniswap

DeFi

Stellar

<p>Over the past day, <a href="https://captainaltcoin.com/uniswap-uni-price-is-about-to-explode-as-chart-patterns-suggest-a-massive-move-is-coming/" target="_blank" rel="noopener noreferrer nofollow">UNI’s price</a> increased by 17%, making it one of the best-performing cryptos at the moment. It is currently trading at $18.34 after the price surpassed key levels, and the speculation is if it shall rise as high as $50.</p>
<p>Also, the recent price movement of UNI is more of a rebound, considering it had been on a downtrend for sometime earlier on. For months, the token was constrained by a descending trendline that kept prices subdued.&nbsp;</p>
<p>This trendline, stretching from March to early November, reflected consistent lower highs and lower lows, signaling bearish momentum. However, a breakout occurred in November, with UNI’s price closing above this trendline.</p>
<p>Following the breakout, <a href="https://captainaltcoin.com/uniswap-could-print-over-2x-pump-from-current-levels-uni-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">UNI’s price</a> successfully retested the $8.15 support level, validating its upward shift. This conviction together with consistent buying pressure confirms the onset of a bullish cycle for the token.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="514" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-1024x514.png" alt="" class="wp-image-597625" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-1024x514.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-300x151.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-767x385.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-1536x771.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-2048x1028.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-299x150.png 299w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-697x350.png 697w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513-788x395.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-513.png 1500w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="key-support-and-resistance-levels">Key Support and Resistance Levels</h2>
<p>Two significant price zones have shaped UNI’s recent price movements. The $8.15 level served as strong support throughout the consolidation phase earlier this year, where buyers consistently prevented further declines.&nbsp;</p>
<p>On the upside, the $16.00 mark, previously a major resistance, was finally breached in December. This breakout above $16.00 has driven UNI’s bullish momentum, with the token currently trading at $18.34.</p>
<p>Market participants are now eyeing the next resistance level, which lies near previous highs above $20. If UNI maintains its current momentum, analysts suggest the token could aim for higher targets, potentially approaching $50.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/how-much-will-25000-stellar-xlm-tokens-be-worth-at-peak-of-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">How Much Will 25,000 Stellar (XLM) Tokens Be Worth at Peak of the Bull Run?</a></em></strong></p>
<h2 class="wp-block-heading" id="bullish-momentum-and-market-context">Bullish Momentum and Market Context</h2>
<p>The rise in <a href="https://coinmarketcap.com/currencies/uniswap/" target="_blank" rel="noopener noreferrer nofollow">UNI’s price</a> comes as more investors are getting back into DeFi tokens. UNI has done better than most other similar tokens, showing it’s still a strong player in the market. More people are buying it too, which helps support the price increase.</p>
<p>The price charts show UNI might be turning around after its recent downward trend. Traders are keeping an eye on the $16 and $20 marks – these could be important stopping points along the way.</p>
<h2 class="wp-block-heading" id="a-look-ahead-for-uniswap">A Look Ahead for Uniswap</h2>
<p><a href="https://app.uniswap.org/" target="_blank" rel="noopener noreferrer nofollow">Uniswap</a> is picking up steam, and everyone’s watching to see if it can keep going up. After breaking free from its downward trend and climbing up the rankings, UNI looks ready to push even higher. For now, $50 remains an optimistic target, contingent on broader market conditions and sustained interest in decentralized finance projects.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/uniswap-uni-price-surges-past-key-resistance-is-50-the-next-target/" rel="noopener noreferrer nofollow">Uniswap (UNI) Price Surges Past Key Resistance—Is $50 the Next Target?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Uniswap (UNI) Price Surges Past Key Resistance—Is $50 the Next Target?

Table of Contents

CaptainAltcoin

Other articles published on Dec 12, 2024

Turn this market slump into a win: Best cryptos for potential 15,000% gains revealed

Bitcoin Hits Historic $100K, Market Cap Soars Above $2T

Microsoft Rejects Bitcoin Investment Proposal Backed by Michael Saylor

Trump Relies On A Crypto Expert To Lead The CFTC

Who is the Upcoming White House AI and Crypto Czar, David Sacks?

Vancouver Council Votes in Favor of Exploring Bitcoin as a Financial Strategy

Join our free newsletter for daily crypto updates!