Uniswap Price Prediction: Analyst Says 30% UNI Move Could Happen This Week

Uniswap Price Prediction: Analyst Says 30% UNI Move Could Happen This Week

Key highlights:

  • UNI price is trapped in “no-trade zone” between $4.10 resistance and $3.80 ascending support
  • Analyst Ali Charts warns of 30% move imminent once range breaks either direction
  • Bullish breakout targets $5.00-$5.30 while breakdown risks flush to $2.80 lows

Uniswap has been doing something frustrating for traders. After a sharp decline from the December highs near $5.00, Uniswap settled into a tight range that has trapped both bulls and bears. The volatility evaporated, the excitement faded, and the chart started showing something that technical analysts love to watch. Compression.

Ali Charts shared the setup on X, pointing to an ascending triangle formation that indicates a 30% price might be coming. The UNI price is currently trapped in a “no-trade zone” between critical resistance at $4.10 and ascending support at $3.80. Until one of these levels gives way, the edge remains neutral.

The UNI 4-hour chart reveals the setup

Looking at the 4-hour chart shared by Ali Charts, the pattern becomes clear. The UNI price has been tracing higher lows since bouncing from the February bottom near $2.61. 

Each pullback finds buyers at a slightly higher level, creating the ascending support line that defines the lower boundary of this triangle. Meanwhile, the horizontal resistance at $4.10 has capped every rally attempt, creating the flat upper boundary.

This structure is known as an ascending triangle, typically a bullish pattern that resolves to the upside. But Ali Charts is careful to note that the UNI price remains trapped between these levels, and patience is the only position until the market defines its next major leg.

The current UNI price sits near $3.94, having recently bounced from the $3.70 zone. The 29.23 percent label on the chart references the potential move from current levels depending on which direction the breakout occurs.

The bullish scenario and bearish scenario

If Uniswap can close above $4.10,  that would be a bullish breakout, and the next target becomes the liquidity zone between $5.00 and $5.30.

This would be the measured move out of the rising triangle, and we can see this taking us up to the highs of December, around the $5.00 level. Again, we are looking for volume support on this, so we can see some conviction behind this, rather than just a pop.

The alternative scenario is less optimistic. If the UNI price fails to hold the ascending support line near $3.80, the current structure would be invalidated. Ali Charts warns that such a breakdown would likely trigger a 30% corrective flush back to the February lows near $2.80.

This downside target also represents a measured move, with the height of the triangle projecting lower if support gives way. A break below $3.80 would put the $3.40 to $3.10 zone in play initially, with the February bottom near $2.61 serving as the ultimate downside objective.

What’s next for UNI?

The UNI price sits at a critical juncture. A 30% move is coming, but direction is unclear. A break above $4.10 targets $5.00 to $5.30. Breakdown below $3.80 sends price toward $2.80.

CoinCodex’s 1-month UNI price forecast places the token at $4.61, indicating a move towards the stronger side of the current price range if the resistance level of $4.10 is broken. This aligns with Ali Charts’ bullish breakout prediction, pending a strong close above the critical level.

Source: https://coincodex.com/article/82979/uniswap-price-prediction-analyst-says-30-uni-move-could-happen-this-week/