- Bullish UNI price prediction is $6.13 to $31.55.
- The UNI price will also reach $50 soon.
- UNI bearish market price prediction for 2022 is $3.33.
In Uniswap (UNI) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about UNI to analyze the future movement of the cryptocurrency.
Uniswap (UNI) Current Market Status
According to CoinGecko, the price of Uniswap (UNI) is $5.36 with a 24-hour trading volume of $196,075,362 at the time of writing. However, UNI has increased to 4.4% in the last 24 hours.
Moreover, Uniswap (UNI) has a circulating supply of 456,489,583 UNI. Currently, UNI trades in cryptocurrency exchanges such as Binance, FTX, Coinbase, Uniswap, Gate.io, Digifinex, ZB, HitBTC, OKX, KuCoin, LBank, and WhiteBIT.
What is Uniswap (UNI)?
Uniswap (UNI) is the governance token of Uniswap, one of the fully decentralized exchanges. Uniswap is a decentralized exchange protocol existing on Ethereum. It equips the Ethereum network with automated market makers (AMMs) and thereby enhances the ease of swapping ERC-20 tokens.
UNI was launched as an ERC-20 token in 2020. Uniswap (UNI) grants voting rights to the users for participating in the governance proposals of Uniswap.
Uniswap platform enables permissionless listing of ERC-20 tokens. Any listed ERC-20 token gets its own exchange smart contract and liquidity pool on Uniswap. Users can trade ERC-20 tokens with ease and can also contribute to the liquidity pool. Liquidity providers (LPs) earn a 0.3% fee for contributing to the pool. The price of tokens on Uniswap is determined based on the supply and demand of the tokens held up in the pool.
Uniswap was launched in November 2018 and the subsequent upgraded iterations, V2 and V3 were launched in 2020 and 2021 respectively.
Uniswap (UNI) Price Prediction 2022
Uniswap (UNI) holds the 27th position on CoinGecko right now. UNI price prediction 2022 is explained below with a weekly time frame.
The above chart of Uniswap (UNI) laid out the descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Uniswap (UNI) is at $5.19. If the pattern continues, the price of UNI might reach the resistance level of $5.42, $8.09, and $12.40. If the trend reverses, then the price of UNI may fall to $3.32.
Uniswap (UNI) Support and Resistance Levels
The chart below shows the support and resistance levels of Uniswap (UNI).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Uniswap (UNI).
| Resistance Level 1 | $6.13 |
| Resistance Level 2 | $8.16 |
| Resistance Level 3 | $13.63 |
| Resistance Level 4 | $22.83 |
| Resistance Level 5 | $31.55 |
| Support Level 1 | $3.33 |
The charts show that UNI has performed a bullish trend over the past month. If this trend continues, UNI might run along with the bulls overtaking its resistance level at $31.55.
Accordingly, if the investors turn against the crypto, the price of the UNI might plummet to almost $3.33, a bearish signal.
Uniswap (UNI) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Uniswap (UNI) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of UNI lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Uniswap (UNI) is shown in the above chart. So far, UNI price action moved below the 50 MA, so it was completely in a downtrend. Thus, UNI has been in a bearish state. Notably, now the UNI price emerged above 50 MA (short-term), so it indicates that the current trend is trying to on board a bullish trend. There is a possibility of a reversal trend of UNI at any time.
Meanwhile, the relative strength index (RSI) of the UNI is at a level of 56.06. This means that UNI is neither in an oversold nor an overbought state. However, this gives confidence to the traders to trade without any fear.
Uniswap (UNI) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Uniswap (UNI). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Uniswap (UNI). Currently, UNI lies in the range of 29.62, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Uniswap (UNI). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of UNI lies just above 50, indicating high volatility. In fact, UNI’s RSI is at 56.06, thus confirming a potential buy signal.
Comparison of UNI with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Uniswap (UNI).
From the above chart, we can interpret ETH, BTC, and UNI have been moving in a similar trend till the start of the second week of June. Currently, the trend is beginning to move in the opposite direction. Thus, when the price of BTC and ETH increase, the price of UNI would decrease. When the price of BTC and ETH decrease, the price of UNI would increase.
Uniswap (UNI) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Uniswap (UNI) might probably attain $65 by 2023.
Uniswap (UNI) Price Prediction 2024
With several upgrades in the network, Uniswap (UNI) might enter a bullish trajectory. If the coin grabs the attention of major investors, UNI might rally to hit $84 by 2024.
Uniswap (UNI) Price Prediction 2025
If Uniswap (UNI) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, UNI would rally to hit $106.
Uniswap (UNI) Price Prediction 2026
If Uniswap (UNI) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, UNI would rally to hit $121.
Uniswap (UNI) Price Prediction 2027
If Uniswap (UNI) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, UNI would rally to hit $133.
Uniswap (UNI) Price Prediction 2028
If Uniswap (UNI) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, UNI would hit $148.
Uniswap (UNI) Price Prediction 2029
If investors flock in and continue to place their bets on Uniswap (UNI), it would witness major spikes. UNI might hit $160 by 2029.
Uniswap (UNI) Price Prediction 2030
With greater advancements in the Uniswap ecosystem, the crypto community might continue to invest in Uniswap (UNI) for the next 8 years and drive significant price rallies for the token. Hence, Uniswap (UNI) might hit $175 by 2030.
Conclusion
With continuous improvements in the Uniswap network, we can say that 2022 is a good year for UNI. For this reason, the bullish price prediction of Uniswap (UNI) in 2022 is $31.55. On the other hand, the bearish price prediction of Uniswap (UNI) for 2022 is $3.33.
Furthermore, with the advancements and upgrades in the Uniswap ecosystem, the performance of Uniswap (UNI) would rise to reach above its new all-time high (ATH) of $44.92 very soon. But, it might also reach $50 if the investors believe that Uniswap (UNI) is a good investment in 2022.
FAQ
Uniswap (UNI) is the governance token of Uniswap, a decentralized exchange protocol on Ethereum that facilitates the smooth swapping of ERC-20 tokens. UNI was launched in 2020.
Uniswap (UNI) has been listed on many crypto exchanges which include Binance, FTX, Coinbase, Uniswap, Gate.io, Digifinex, ZB, HitBTC, OKX, KuCoin, LBank, and WhiteBIT.
With the ongoing developments and upgrades within the Uniswapplatform, Uniswap (UNI) has a high possibility of reaching its ATH soon.
On May 03, 2021, Uniswap (UNI) reached its new all-time high (ATH) of $44.92.
Uniswap (UNI) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Uniswap in the past few months, UNI is considered a good investment in 2022.
Uniswap (UNI) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Uniswap (UNI) will hit $50 soon.
Uniswap (UNI) price is expected to reach $65 by 2023.
Uniswap (UNI) price is expected to reach $82 by 2024.
Uniswap (UNI) price is expected to reach $106 by 2025.
Uniswap (UNI) price is expected to reach $121 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/uniswap-uni-price-prediction/