Uniswap is Trading -23.38% Below Our Price Prediction for May 01, 2024

Table of Contents

• UNI price is expected to rise by 30.00% in the next 5 days according to our Uniswap price prediction
• UNI Price Prediction Chart
• What has been going on with Uniswap in the last 30 days
• Uniswap technical analysis for today - Apr 26, 2024
• Bearish sentiment for Uniswap
• Crypto market is currently experiencing Greed
• Uniswap moving averages & oscillators
• The bottom line about this Uniswap prediction

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Uniswap is down -5.23% today against the US Dollar
• UNI/BTC decreased by -4.43% today
• UNI/ETH decreased by -4.05% today
• Uniswap is currently trading 23.38% below our prediction on May 01, 2024
• Uniswap dropped -38.51% in the last month and is up 39.57% since 1 year ago

UNI price is expected to rise by 30.00% in the next 5 days according to our Uniswap price prediction

Uniswap price today is trading at $ 7.60 after losing -5.23% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.85% in the same time period. UNI performed poorly against BTC today and recorded a -4.43% loss against the world’s largest cryptocurrency.

According to our Uniswap price prediction, UNI is expected to reach a price of $ 9.93 by May 01, 2024. This would represent a 30.00% price increase for UNI in the next 5 days.

UNI Price Prediction Chart

Buy/Sell Uniswap

What has been going on with Uniswap in the last 30 days

Uniswap has been displaying a negative trend recently, as the coin lost -38.51% in the last 30-days. The medium-term trend for Uniswap has been bullish, with UNI increasing by 28.13% in the last 3 months. The long-term picture for Uniswap has been positive, as UNI is currently displaying a 39.57% 1-year price change. On this day last year, UNI was trading at $ 5.45.

Uniswap reached its all-time high price on May 03, 2021, when the price of UNI peaked at $ 44.93. The current UNI cycle high is $ 16.84, while the cycle low is at $ 3.38. UNI has been displaying high volatility recently – the 1-month volatility of the coin is at 21.86. Uniswap recorded 15 green days in the last 30 days.

Uniswap technical analysis for today - Apr 26, 2024

The sentiment in the Uniswap markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 7.65, $ 7.37 and $ 7.15, while $ 8.15, $ 8.37 and $ 8.66 are the key resistance levels.

Bearish sentiment for Uniswap

9 indicators are currently signaling a bullish prediction for Uniswap, while 19 indicators are showing a bearish forecast. With 68% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Uniswap.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 70 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Uniswap moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Uniswap is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Uniswap is at 41.34, suggesting that UNI is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Uniswap over the last 50 days. Currently, Uniswap is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the UNI closing price for the last 200 days. UNI is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Uniswap prediction

After considering the above factors, we can conclude that the current forecast for Uniswap price prediction is Bearish. UNI would have to increase by 30.00% to hit our $ 9.93 target within the next five days. Moving forward, it will be important to monitor the UNI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Uniswap price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.