Search ForexCrunch
  • Uniswap Price On A Roll To $30
  • UNI up by an impressive 35% since Aug 4
  • New infrastructure bill and crypto regulation prospects shrugged off by Uniswap

The Uniswap price has been on a roll over the past few days having appreciated by over 35% since Aug 4. UNI was trading at the $21 level on that date and is now brushing the $30 mark which is truly an impressive gain and making it one of the strongest performing cryptos at present.

The climb has been largely due to renewed positive sentiment in the crypto market but there is also renewed confidence in DeFi exchanges and other similar financial methods. Although there has been some uncertainty regarding the Gensler speech and the new $1.2 trillion infrastructure bill with its crypto tax amendment, the UNISWAP price seems to have easily brushed off these concerns.

If you haven’t yet bought any Uniswap, take a look at this How To Buy Cryptocurrency Beginners Guide.

Short Term Prediction For Uniswap Price: Over $30 And Further Gains Expected

Uniswap price

Uniswap has been one of the better performing cryptos having performed a considerable recovery since its July 21 low. In fact, the Uniswap price is up by more than 100% since that price level over the past 3 weeks and has gained 35% since Aug 4 alone.

A bullish thesis should see the Uniswap price continue gaining over the next few days once it breaks the $30 resistance level. The next logical target would be the $33 level which would represent an almost 55% gain from its Aug 4 spring board price.

If a bearish thesis comes into play, then things will obviously be slightly different. The Uniswap price would descend to the $25 level quite fast if selling pressure were to enter the market. A similar retracement happened on 8 August but the recovery was quite swift and Uni resumed its upward trend. Sellers could be in the market to gain some profits from the July 20 lows but bulls seem to have gained precedence over the bears, at least for the time being.

If you haven’t yet started trading cryptocurrency, then have a look at these Top Cryptocurrency Brokers.

Long Term Prediction For UNI: Bullish Expectations Are Very High

The recent strong gains by Uniswap have instilled renewed confidence that the DeFi crypto will soon start regaining its lost territory and go back to the price levels of late April/early May. The recent machinations on crypto regulation and other matters do not seem to have dented confidence in Uniswap.

Some long-term predictions are putting the Uniswap price at over the $55 level by the end of the year. That would represent considerable gains from the current price but is entirely possible as the crypto market continues gaining steam.

Looking to buy or trade Uniswap now? Invest at eToro!

Capital at risk