The Uniswap price has been on a consistent rise since sinking to the July 21 low of $14.59. The DeFi exchange’s coin price rose by at least 20% to the $19 level on July 26 but has since retraced slightly as bulls take a breather. There is bullish sentiment on the whole however with Uniswap expecting to continue accelerating. Positive news on partnerships as well as a renewed interest in DeFi has continued to put Uniswap on the map. However, after reaching a high of $22 in early July, the Uniswap price has had a disappointing run as selling pressure continued to dominate the market. Bears pushed the price down considerably by around 30% from the July 6 high of $22 to the July 20 low of $14.70. However, it seems that the recent jump in the Uniswap price has confirmed that bears are once again back in town. If you haven’t yet bought some Uniswap, take a look at this How To Buy Cryptocurrency Beginner’s Guide. Short Term Forecast For Uniswap Price: A Beeline For $22 Get FREE Crypto Signals Now! Although the Uniswap price has seen a slight retracement over the past 24 hours, the outlook is still bullish. At the current price of $18.50, UNI has gained around 20% from the July 21 low. The next move is expected to rise to the $20 level and it will then meet the next resistance level of $22. If that is broken, then the price could go all the way back up to $25. It seems that the Uniswap price has once again found a bottom at the support of a rising trend line. Although there has been a rally of approximately 35%, it seems that the price has stalled for now. A bearish thesis would present a decline to the $14.50 level again where there seems to be strong support. This does look unlikely at this stage though. If you are toying with the idea of buying some cryptocurrency then take a look at these Best Cryptocurrency Brokers. Long Term Forecast For UNI: The $20 level Remains a Crucial Point Although Uniswap seems to have retreated slightly over the past 24 hours, the DeFi exchange seems to be gearing up for a big move upwards. There remain important resistance levels however. The descending trend line from 26 May at $20.51 has been rejected several times. The 50-day moving average at $20 shows that the trend line resistance is strong. The 50 DMA also remains below the 100- and 200-day averages indicating weak investor sentiment. Positive price action has not been accompanied by an increase in volume either. If the Uniswap price manages to stay above the $20.50 level, then sentiment will turn bullish. Long term prices till end of year are seeing Uniswap at the $45 level yet again. Looking to buy or trade Uniswap now? Invest at eToro! Buy Uniswap Now Capital at risk Gerald Fenech Gerald Fenech Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain View All Post By Gerald Fenech Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Crypto News share Read Next Stellar Price Analysis: XLM Snubs MoneyGram Partnership Plans Nancy Lubale 3 months The Uniswap price has been on a consistent rise since sinking to the July 21 low of $14.59. The DeFi exchange's coin price rose by at least 20% to the $19 level on July 26 but has since retraced slightly as bulls take a breather. There is bullish sentiment on the whole however with Uniswap expecting to continue accelerating. Positive news on partnerships as well as a renewed interest in DeFi has continued to put Uniswap on the map. However, after reaching a high of $22 in early July, the Uniswap price has had a disappointing run as selling pressure… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
