On Monday, November 25, the Uniswap token ($UNI ) reached $12.37, marking a record high since April 1, 2024. Meanwhile, crypto analysts predict that the asset's rally will continue.
Popular crypto influencer Anasta Maverick stated that UNI could rise another 50% to $17.70. Crypto analyst HypeManAlex published a more optimistic forecast. In his opinion, the asset could rise to $100, which is a 733% increase. One of the key factors for the token's growth, HypeManAlex noted, is the popularity of the Uniswap platform in the decentralized exchange industry.
Data shows that Uniswap supports over 20 blockchains, and in the past seven days, trading volume exceeded $26 billion. Since its launch, the platform has processed transactions totaling over $1.54 trillion, including $81.7 billion in the last 30 days. The trading volume of its main competitor, the DEX exchange Raydium on the Solana blockchain, last week was $26.86 billion.
Despite the forecasts of crypto analysts, technical indicators are not so optimistic. On the daily chart, UNI has formed a "cup and handle" pattern, characterized by a rounded bottom followed by strengthening. This pattern suggests a potential bounce back to $10 in the near future.
