Uniswap Price Analysis — April 15

COINBASE:UNIUSD   Uniswap / U.S. Dollar
Following its 25% slump to the $9.00 low on Monday, UNI has formed a mild but steady bullish pattern , as the broader market struggles to keep bears at bay.

UNI currently trades within a tight upward channel and currently tests the base of this channel, with a possible bullish reversal in view in the near term. The next rally should take Uniswap to $10.00 again, possibly over the weekend, before posting a mild correction to $9.65, followed by a bullish breakout above the $10.00 level.

However, bulls need to stall bears over the next few hours to secure the channel.

Meanwhile, my resistance levels are $10.00, $11.00, and $12.00, and my support levels are $9.00, $8.00, and $7.00.

Total Market Capitalization: $1.86 trillion

Uniswap Market Capitalization: $6.5 billion

Uniswap Dominance: 0.35%

Market Rank: #23


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.