【Uniswap Daily Trading Volume Soars: Will It Rise to $15 Next?】
Uniswap's daily trading volume peaked at the beginning of September, surpassing $8 billion, and subsequently fell back to the range of $1 billion to $2 billion. As of now, the daily trading volume has climbed again to approximately $4.83 billion. Ethereum remains the primary trading platform, its stability highlighting its core position, while chains like Polygon and Optimism also provide significant contributions, demonstrating the dynamic changes in decentralized finance (DeFi).
Technical analysis shows that the UNI chart displays an inverse head and shoulders pattern, a typical bullish signal. The current neckline resistance is around $9.86, and if it breaks through, the price is expected to rise to the range of $12 to $15. Breaking the psychological barrier of $10 will further consolidate the bullish trend, attracting more investors into the market.
Currently, the RSI heatmap shows that mainstream cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have RSI values in the overbought zone, indicating strong upward momentum, while the RSI signals for mid and small-cap tokens are relatively weak, showing that investor enthusiasm is concentrated on mainstream assets.
Overall, Uniswap, with its robust trading volume and technical signals, has increased the likelihood of price reaching new highs. The overall market is showing a trend leaning towards mainstream cryptocurrencies, indicating that in an uncertain economic environment, mainstream assets remain a safer choice.