Uniswap still held hostage by $23.5 price hurdle preventing upswing to $25

Uniswap is a truly exciting project that could change the landscape of the crypto world. But it is still held hostage by a $23.5 price hurdle that prevents it from reaching its true potential. This is the unfortunate reality of the crypto bubble.

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Uniswap is a decentralized peer-to-peer platform and marketplace for buying and selling crypto. It was launched in September 2017 as a fork of the Uniswap platform from the now defunct Uniswap.io platform.

Due to the recent price increase, several exchanges have delayed the listing of Uniswap (then $23.5) and are holding the coin hostage, causing the price to fall back down to $23.5, which is way below the exchange price of $25. This is a good example of the market manipulation that has been happening to the overall market, which is affecting nearly all tokens. The only way to win this game is to not play.

TL;DR Summary

  • The Uniswap price analysis began with an opening price of $23.415 on the 24-hour chart. 
  • At $22.50, there is immediate support.
  • The currency is now trading at $23.364 against the US dollar at the time of writing. 

Uniswap Price Analysis: An Overview of Prices

After reverting higher at the conclusion of yesterday’s session, Uniswap began the 24-hour chart at a starting price of $23.415. The early rise, which saw the currency reach an intraday high of $23.800, is positive according to the Uniswap price analysis. Over the past 24 hours, the UNI/USD pair has gained at least 1% of its value. The bulk of technical indicators point to a positive upswing in the next sessions, indicating that traders can expect another round of purchasing. 

As the bears try to build resistance on the above around $23.50 – $24.00, immediate support is at $22.50. Given the demand zone developing around those price levels, it is almost difficult to identify a bearish pattern on the daily chart. However, after a small pullback from $23.60 to $23.30, the 1-hour Uniswap price chart is forming a bearish signal.

In the past 24 hours, the cryptocurrency market has been trading in the green. With increases of more than 5%, Bitcoin, Ethereum, Axis Infinity, Dogecoin, and Polkadot are all optimistic.

In the past 24 hours, the price of Uniswap has changed: Less activity is indicated by a narrow daily range.

Over the past 24 hours, Uniswap price analysis has moved in a narrow band of $22.926 – $23.806, indicating minimal volatility. The trading volume increased by 20.50 percent to $567 million. The company’s market value increased by 10% to $13 billion. Uniswap is ranked number ten in terms of market capitalization among the top ten cryptocurrencies. 

TradingView is the source of this information.

4-hour chart of the UNI/USD: Short-term advances on both sides

Uniswap is trading closely below the $23.5 barrier on the 4-hour Uniswap price analysis. The currency is prepared to consolidate over this price barrier and profit in the near term. As a result, buyers are pouring in to support the cryptocurrency and push it beyond the daily high. 

Buyers have already established small support at $23.10, stopping the currency from falling any lower than the overhead resistance. Nonetheless, the long-term primary trendline is bearish, posing a significant risk if the bulls do not effectively counter any selling pressure, which may push the price down to the $16.00 low set on July 17. 

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The RSI has already shifted from oversold to purchasing area, indicating a high likelihood of a bullish pattern. Uniswap is currently trading at $23.364 per US dollar at the time of writing. 

Conclusion of the Uniswap Price Analysis

The Uniswap price analysis is optimistic for the next 24 hours as buyers gain confidence in their ability to surpass the primary goal of $25. We’re almost to the weekend, and with the coin’s price now over $20, we may expect more increases in the medium term. 

Disclaimer: The material on this website is not intended to be trading advice, and.com assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.

September 4th, 2017 was a bad day for crypto, and for Uniswap. It is difficult to find many positive crypto stories in the last week, but the launch of Uniswap (UIS) can be considered one of the bigger stories of the week. Uniswap is a decentralized exchange that allows anyone to easily trade any cryptocurrency on the Uniswap network.. Read more about uniswap price prediction tomorrow and let us know what you think.

Related Tags

This article broadly covered the following related topics:

  • uniswap price prediction 2030
  • uniswap price prediction 2020
  • what is going on with uniswap
  • uniswap price prediction 2025
  • uniswap price prediction tomorrow

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