UNI Price Prediction: EMA Lines Show Potential Uptrend Currently, the EMA (Exponential Moving Average) of Uniswap (UNI) shows a clear uptrend, with the short-term line above the long-term line at a large distance. This configuration generally indicates a bullish trend, suggesting positive near-term price action.
The EMA line gives more weight to recent prices, making it more sensitive to short-term movements. Traders can identify trends and potential reversals by observing the relationship between the short-term and long-term moving averages. Despite the bullish EMA, the current trend is not particularly strong.
If the uptrend continues and strengthens, the price of UNI may test the $8.65 and $9.52 resistance levels. Once these resistances are broken, the price may rise to $12, marking a new high since June 2024.
However, if the Unichain news fails to maintain momentum, the trend may reverse, with UNI potentially testing the $7.7 and $7.5 support levels and falling to $6, representing a potential downside risk of 28%.
