bullish

Uniswap

Prime

<p>After an impressive rally in November that signaled strong bullish sentiment, Uniswap (UNI) has entered a two-week consolidation phase, offering new buyers an entry point. With a fully diluted valuation of around $16.5 billion and a daily trading volume of about $657 million, this mid-cap altcoin is drawing significant attention from institutional investors. After all, what's better than a diversified portfolio? </p>   
<p>As market momentum builds, UNI's recent price action and whale activity suggest that something big might be brewing.</p>   
<h2 class="wp-block-heading" id="h-digging-into-uniswap-s-november-breakout">Digging Into Uniswap's November Breakout</h2>   
<p>Uniswap, a DeFi-focused and utility-driven token, has surged over 160% since the beginning of November. This rally pushed UNI past its previous resistance at $16.5, reinforcing optimism in the market. The UNI/BTC pair is also showing early signs of a trend reversal, coinciding with the altseason’s anticipated parabolic phase.</p>   
<p><strong>Whale Activity and Exchange Deposits</strong></p>   
<p>Recent on-chain data from Santiment shows that more than 800,000 UNI tokens, worth over $13 million, have been deposited into various <a href="https://coinpedia.org/exchange/" target="_blank" rel="noreferrer noopener">crypto exchanges</a> in just two days. Today, a major whale holding $89 million in crypto transferred 1.49 million UNI, valued at $24 million, to <a href="https://coinpedia.org/exchange/binance-review/" target="_blank" rel="noreferrer noopener">Binance.</a></p>   
<p>Earlier this week, Uniswap’s team made headlines by transferring nearly 5 million dormant UNI tokens to Coinbase Prime. These tokens, untouched for over 4 years, have raised speculation about the team's potential strategic moves.</p>   
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   https://twitter.com/spotonchain/status/1869196600213655971?s=46 
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<h2 class="wp-block-heading" id="h-key-targets-and-levels">Key Targets and Levels </h2>   
<p>UNI is currently retesting a critical resistance level above $16, which could act as a springboard for its next bullish phase. On the weekly chart, the <a href="https://coinpedia.org/traders/relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index (RSI)</a> recently climbed above 70% for the first time this year, signaling renewed strength in UNI’s upward trend.</p>   
<p>If a short-term correction occurs, analysts expect<a href="https://coinpedia.org/price-prediction/uniswap-uni-price-prediction/" target="_blank" rel="noreferrer noopener"> UNI</a> to find strong support above $14 before continuing its bullish momentum.</p>   [post_titles_links postid="394434"]   
<p>On higher time frames, UNI appears well-positioned for a potential 100% gain in the near term, provided market conditions remain favorable.</p>   
<h2 class="wp-block-heading" id="h-uniswap-and-the-market">Uniswap and the Market </h2>   
<p>The growing bullish sentiment for Uniswap is expected to boost the entire DeFi ecosystem, which now has a market cap of over $138 billion and a daily trading volume of $11.4 billion. Tokens tied to both centralized exchanges (CEXs) and decentralized exchanges (DEXs) are showing signs of an imminent breakout, with many market watchers predicting new all-time highs for the sector.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<p><strong>With UNI holding its ground and DeFi soaring to new heights, the market is braced for what could be a game-changing season ahead.</strong></p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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 <div class="schema-faq-section" id="faq-question-1734507005121">
  <strong class="schema-faq-question"><strong>Will UniSwap’s price go up during 2024?</strong></strong> 
  <p class="schema-faq-answer">The price of UNI might propel to a maximum of $24.83 in 2024.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734507082958">
  <strong class="schema-faq-question"><strong>How high will UNI’s price rise during 2025?</strong></strong> 
  <p class="schema-faq-answer">The price of the altcoin could surge to its potential high of $30.94 during 2025. With a potential surge, the UNI price may reach $89.24 by 2030.</p> 
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Uniswap Price Rally: Can UNI Double Again in 2024?

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