Uniswap Price Jumps 20% Today: Is $25 the Next Target?

The post Uniswap Price Jumps 20% Today: Is $25 the Next Target? appeared first on Coinpedia Fintech News

The Uniswap price has reclaimed the $18 mark during the early Asian market with an impressive price pump. Moreover, Uniswap’s TVL has jumped 15.58% (M-o-M) to $6.720 billion, highlighting the increased adoption of this chain in the crypto-verse.

With the increasing price volatility in the crypto space and a highly anticipated Altcoin season around the corner, will the Decentralized Finance (DeFi) project dominate the Ethereum rally?

UNI Coin Price Retests It’s 52-week High!

With the ongoing bullish recovery in the cryptocurrency market, the Uniswap price has recorded a double-digit surge in the last 24 hours. With a trading volume of $1.04 billion, this altcoin has secured a position in the top gainer list for today.

The Simple Moving Average (SMA) records a bullish convergence in the Uniswap price chart. This hints at a strong buying pressure for this DeFi token in the cryptocurrency space.

The Moving Average Convergence Divergence (MACD) shows a constant green histogram in the daily time frame. Furthermore, its averages display a positive price trend, highlighting that the Uniswap price may continue gaining value this week.

Will UNI Price Hit $25?

If the market bulls push the Uniswap price above its resistance level of $18.750, the DeFi token will prepare to test its upper high of $21.90. Maintaining the price at that level could push its value toward its target of $25.

On the flip side, if a bearish reversal is recorded, this could pull the price of Uniswap toward its $15.4 level. If uncertainty increases at that point, the UNI coin price could retest its lower support level of $11.950 this year.

Are you wondering if “will Uniswap reach $1000? Read CoinPedia’s Uniswap Price Prediction to uncover the possible price mysteries until 2030!

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