Uniswap Price Prediction: UNI Eyes $12 Resistance Level and a Potential Rally to $14

Recent analysis highlights a critical juncture for Uniswap’s UNI token as it approaches a key resistance level at $12.00.

An influential crypto analyst, Crypto Tony, suggests that if UNI can reclaim this level, it will signal strong bullish momentum, potentially driving the price toward $14.00. This outlook reflects growing optimism in the decentralized finance (DeFi) sector and the increasing adoption of Uniswap’s platform.

UNI Price Key Resistance and Entry Points Shape Outlook

Crypto Tony’s tweet emphasizes the importance of UNI reclaiming the $12.00 resistance level to trigger a bullish trend. His strategy involves entering a position once that level is convincingly breached, aiming for targets between $13.00 and $14.00.

The tweet reflects a positive short-term market sentiment and a forecast for accelerating buying momentum if UNI can hold above this threshold.

Source: X

The analysis advises caution, noting that failure to maintain the $12.00 level should prompt traders to adopt a more conservative approach, possibly waiting for entry points near key support levels. This risk-reward perspective frames $12.00 as a decisive pivot point for the token’s next directional move.

Market Activity and Volume Confirm Consolidation Phase

On the other hand, market data from BraveNewCoin reveals that UNI is currently trading around $10.95 with a substantial 24-hour volume surpassing $1.2 billion, indicating heightened market interest. The price has fluctuated within a range between $10.50 and $11.50, suggesting a consolidation phase following recent upward momentum.

Source: BraveNewCoin

The volume spikes accompanying price movements indicate active trading, with a peak above $11.50 met by a subsequent retracement. This behavior suggests the presence of resistance near these levels and that traders are awaiting a confirmed breakout.

Despite some caution reflected in this volatility, the sizable trading volume points to sustained market engagement, particularly in the context of decentralized finance.

Long-term, UNI’s position in the top 30 cryptocurrencies by market capitalization provides a foundation for potential price appreciation, especially if the broader DeFi market experiences renewed growth and the token manages to break above its recent resistance.

Technical Indicators Highlight Crucial Levels for Momentum

At the time of writing, TradingView’s daily chart displays recent price action characterized by a slight decline of approximately 1.12%, placing the token near $10.91. The price is moving within support at $8.50 and resistance around $12.00, making these levels crucial for determining near-term trends.

Technical indicators present a mixed picture; the Moving Average Convergence Divergence (MACD) is positive, with the histogram indicating bullish momentum that can support further price advances. Conversely, the Chaikin Money Flow (CMF) remains negative, signaling potential distribution and caution among market participants.

Source: TradingView

The bullish scenario hinges on UNI reclaiming and holding the $12.00 level, which would signal continued upward movement toward $13.50 or higher. Should the token fail to break through this resistance, traders may face further downside, with the next significant support identified near $9.50.

Overall, the trading range and the indicators suggest that closely monitoring the $12.00 level will be essential for assessing UNI’s rally potential. A breakout above this threshold could ignite stronger buying pressure, supporting the expected rally to $14.00 outlined by analyst insights.