• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Analysts Think Uniswap’s UNI Could Surge to $4.30 Next; Here’s How

Cole Petersen by Cole Petersen
2 years ago
in UNI
Reading Time: 2 mins read
Advertisement

Uniswap’s UNI token has been struggling to garner any strong momentum as of late, with buyers and sellers largely reaching an impasse as the cryptocurrency trades within the lower-$3.00 region.

It has been facing some heightened pressure in recent days due to the intensity of the sell-off seen across the aggregated altcoin market. Once again, DeFi tokens are being hit the hardest by this, and UNI is now widely viewed as a benchmark bet on the sector.

Despite the intensity of its recent selloff, analysts are still noting that it may be well-poised to see some further upside in the near-term.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

One trader is noting that a move past $4.00 could be imminent, but it is imperative that it first reclaims a key support level that was lost during its overnight selloff.

If it remains below this level, it could be in a precarious position that causes it to see further downside in the near-term.

Where it trends next will likely depend primarily on the aggregated DeFi sector.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Uniswap’s UNI Faces Intense Selling Pressure as DeFi Altcoins Tank

At the time of writing, Uniswap’s UNI token is trading down just under 3% at its current price of $3.035. This is around the price at which it has been trading throughout the entire morning.

Bulls have tried and failed on multiple occasions to garner significant control over the cryptocurrency’s near-term outlook, with each surge being met with serious selling pressure.

It is still trading well above its recent lows in the mid-$2.50 region set during a capitulatory selloff seen just a couple of weeks ago, but this level may soon be revisited if bulls are unable to spark any intense buying activity.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

Analyst: UNI Could Rally Past $4.00 if Bulls Reclaim Key Support 

Before the overnight drop seen by the Uniswap token, the cryptocurrency has been stabilizing above its support between $3.15 and $3.20.

Although this region has since been lost, a break back above could help lead the cryptocurrency past $4.00.

“Looking good here as we hold the area between $3.15-3.20. If this holds, I think the $3.60 resistance breaks towards $4 and possibly $4.30 next.”

Uniswap UNI

Image Courtesy of Crypto Michaël. Source: UNIUSD on TradingView.

The DeFi sector has become a high beta fragment of the crypto market, which means that it will require significant stability amongst both the stock market and the benchmark digital assets for it to push any higher.

This means that Uniswap’s UNI token may continue facing some turbulence in the short-term.

Featured image from Unsplash.
Charts from TradingView.
Tags: UNIBTCuniusdUNIUSDT
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Related Posts

Uniswap’s UNI

Charted: Uniswap’s UNI Sets New ATH At $45, Why It Could Extend Gains

1 year ago
Uniswap’s UNI

Charted: Why Uniswap’s UNI Could Surge Above $35 and $40

1 year ago
uniswap airdrop lottery winner

Uniswap Airdop Value Reaches $13,000 For Those That Didn’t Sell Early

1 year ago
Uniswap’s UNI

Charted: Uniswap’s UNI Enters Top 10, Why It Could Soon Test $42

1 year ago
Charted: Uniswap’s UNI Remains Elevated, Why Uptrend Isn’t Over Yet

Charted: Uniswap’s UNI Remains Elevated, Why Uptrend Isn’t Over Yet

2 years ago
uniswap defi crypto dex

The Age of Uniswap: DEX Volume Grows 1100x Year-Over-Year

2 years ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

GryffinDAO May Rank As High As Bitcoin

August 19, 2022

Shiba Inu Is Gaining Momentum. Can Persystic Token Follow Its Footsteps?

August 19, 2022

Reviewing the Potential of Supontis Token Next Cryptocurrencies Like BNB and Chainlink

August 19, 2022

Near-term Profits With These Cryptos; Uniglo (GLO), Cosmos Hub (ATOM), And Pancakeswap (CAKE)

August 19, 2022

World’s First Auto-Rebasing Layer 1 Blockchain Is Set for 2023 Release

August 19, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.