Uniswap (UNI) Price Prediction 2022 – Will UNI Hit $8 Soon?

Uniswap (UNI) Price Prediction 2022 - Will UNI Hit $50 Soon?
  • Bullish UNI price prediction is $5.99 to $9.93.
  • Uniswap (UNI) price might also reach $8 soon.
  • Bearish UNI  price prediction for 2022 is $3.51.

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 $6.06 with a 24-hour trading volume of $ $162,118,644 at the time of writing. However, UNI has decreased by nearly 0.6% in the last 24 hours.

Moreover, Uniswap(UNI) has a circulating supply of 456,489,583 UNI. Uniswap(UNI) trades in cryptocurrency exchanges such as Binance, OKX, Coinbase Exchange, Bybit, Gate.io.

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 18th position on CoinGecko right now. UNI price prediction 2022 is explained below with a daily time frame.

UNI /USDT Ascending Triangle Pattern (Source: Tradingview)

The above chart of Uniswap(UNI) laid out an Ascending Triangle pattern,  The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.

Currently, Uniswap(UNI) is in the range of $6.33 If the pattern continues, the price of UNI  might reach the resistance levels of $6.57 and $7.82. If the trend reverses, then the price of UNI may fall to $5.41 and $4.72.

Uniswap(UNI) Support and Resistance Levels

The chart below shows the support and resistance levels of Uniswap(UNI).

UNI /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Uniswap(UNI).

Resistance Level 1$5.99
Resistance Level 2$8.09
Resistance Level 3$9.93
Support Level 1$4.57
Support Level 2$3.51
UNI Resistance & Support Level

The charts show that Uniswap(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 $9.93.

Accordingly, if the investors turn against the crypto, the price of Uniswap(UNI) might plummet to almost $3.51, a bearish signal.

Uniswap(UNI) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Uniswap(UNI) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of UNI lies below the cutoff line, indicating weak  participants in the current trend.

UNI /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Uniswap(UNI) is shown in the chart above. Notably,  the Uniswap(UNI) price lies below 50 MA (short-term), so it is in a downtrend. Currently, UNI has entered a bearish state. Therefore, there is a possibility of a reversal trend of UNI at any time.

Meanwhile, the relative strength index (RSI) of the UNI is 49.73. This means that Uniswap(UNI) is in an oversold state. However, this means a major price reversal of UNI may occur in the upcoming days. So, traders need to trade carefully. 

Uniswap(UNI) Price Prediction 2022 — ADX, RVI

Let us now look at the 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.

UNI /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Uniswap(UNI). Currently, the ADX of UNI lies in the range of 31.02  and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Uniswap(UNI). RVI measures the constant deviation of price changes over a period of time. The RVI of UNI lies above 50, indicating high volatility. In fact, the RSI of Uniswap(UNI) is at 49.73 thus confirming a potential buy signal.

Comparison of UNI with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Uniswap(UNI).

BTC Vs ETH Vs UNI Price Comparison (Source: Tradingview)

From the above chart, it can be interpreted that ETH and UNI are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of UNI also increases or decreases respectively.

Uniswap(UNI) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Uniswap(UNI) might probably attain $10 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 $15 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 7 years, UNI would rally to hit $20.

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 $25.

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 $30. 

Uniswap(UNI) Price Prediction 2028

Uniswap(UNI) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly volatile crypto market. By driving significant price rallies, UNI would hit $35 in 2028.

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 $40 by 2029.

Uniswap(UNI) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in UNI for the next 8 years and drive significant price rallies for the token. Hence, Uniswap(UNI) might hit $45 by 2030.

Conclusion

With continuous improvements in the UniswapNetwork, we can say that 2022 is a good year for UNI. For this reason, the bullish price prediction of Uniswap(UNI) in 2022 is $9.93. On the other hand,  the bearish price prediction of Uniswap(UNI)  for 2022 is $3.51.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of UNI would help to reach above its current all-time high (ATH) of $44.92 very soon. But, it might also reach $8 if the investors believe that UNI is a good investment in 2022.

FAQ

1. What is Uniswap (UNI)?

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.

2. Where can you purchase Uniswap (UNI)?

Uniswap(UNI) has been listed on many crypto exchanges which include  Binance, OKX, Coinbase Exchange, Bybit, Gate.io.

3. Will Uniswap (UNI) reach a new ATH soon?

With the ongoing developments and upgrades within the Uniswapplatform, Uniswap (UNI) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Uniswap (UNI)?

On May 03, 2021, Uniswap (UNI) reached its new all-time high (ATH) of $44.92.

5. Is Uniswap (UNI) a good investment in 2022?

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.

6. Can Uniswap (UNI) reach $8?

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 $8 soon.

7. What will be Uniswap (UNI) price by 2023?

Uniswap (UNI) price is expected to reach $10 by 2023.

8. What will be Uniswap (UNI) price by 2024?

Uniswap (UNI) price is expected to reach $15 by 2024.

9. What will be Uniswap (UNI) price by 2025?

Uniswap (UNI) price is expected to reach $20 by 2025.

10. What will be Uniswap (UNI) price by 2026?

Uniswap (UNI) price is expected to reach $25 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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