Uniswap ($UNI) has surged 7% following the Fed’s latest policy announcement, which hinted at potential rate cuts without waiting for inflation to hit 2.0%.
This boost in risk appetite, coupled with a positive mention of cryptocurrencies in banking, has driven $UNI’s price toward the key $12 resistance level. Breaking above this level could shift $UNI’s bearish trajectory, while failure to do so may signal a decline below $10.
Uniswap Price Prediction: Can $UNI Break $12 Resistance or Face Another Drop?
While $UNI’s chart analysis remains bearish, the Fed’s latest stance suggests macro headwinds may be easing.
Powell’s comments, which indicate potential rate cuts ahead, have ignited risk-on sentiment across the market. However, incoming U.S. economic data could still play a crucial role—if reports indicate an unexpectedly strong economy, bearish macro-linked flows could return.
On the other hand, if data supports a slowing economy, it could create a more favorable environment for $UNI’s price recovery.
$UNI has been in a downtrend since early December when it peaked at $19, later forming a pennant pattern and breaking downward last week. Now, the $12 level, a key resistance-turned-support zone dating back to May 2024, is a critical test for the bulls.
A breakout above this level could set the stage for a bullish reversal, while failure to do so may indicate the bears remain in control. If $UNI is rejected at $12, a potential retest of $10 or lower remains a risk in the short term.
Meanwhile, traders are watching regulatory developments, particularly in the Trump administration, Congress, and the SEC, which could bring positive shifts in crypto policy.
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The market likely hasn’t fully priced in these upcoming regulatory changes, suggesting medium- to long-term price risks skew to the upside.
If $UNI gains momentum, a retest of the $19 highs could be on the horizon, offering a potential 60% upside. However, in the absence of immediate bullish catalysts, the broader crypto market’s consolidation could keep $UNI’s price range-bound in the coming months.
$UNI’s position as a leading decentralized exchange with a newly launched layer-2 blockchain continues to support long-term bullish expectations.
Its dominance in the DeFi sector means that even in a consolidating market, any notable improvement in crypto adoption or regulatory clarity could work in $UNI’s favor.
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The cryptocurrency market is expected to reach 900 million users by 2025, driving demand for advanced Web3 wallets.
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Unlike older wallets such as MetaMask and Trust Wallet, Best Wallet enables users to convert crypto into over 100 fiat currencies and transfer funds directly to bank accounts, removing extra steps.
As of late, Best Wallet has been experiencing exponential growth, with a 50% monthly increase in users, now totaling over 500,000. Approximately 250,000 of these are active users, drawn to the wallet’s user-friendly interface and powerful financial tools.
Analysts believe its rapid adoption and planned listings on tier-one exchanges will drive long-term demand for $BEST.
Best Wallet also introduces unique features like iGaming integrations, free spins, loot box access, and deposit bonuses, further enhancing its appeal.
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Source: https://bravenewcoin.com/sponsored/presale/uniswap-price-prediction-uni-pumps-7-as-best-wallet-presale-hits-8-6m