📈 Uniswap (UNI) Price Skyrockets – What’s Next?

Uniswap (UNI) is making waves in the crypto world, surging for five consecutive days and hitting $12.37 on Monday, Nov. 25—its highest level since April 1! This marks an impressive 150% increase from its lowest point this year.

Why is Uniswap Pumping?

1️⃣ Influencers’ Predictions:

Anasta Maverick (26K followers) predicts UNI could rise to $17.70, a 50% increase from current levels.

HypeManAlex (54K followers) estimates an ambitious target of $100, a whopping 733% jump, citing Uniswap's dominance in the decentralized exchange (DEX) industry.

2️⃣ Market Performance:

Supports 20+ chains.

Processed $26B trading volume in the past 7 days.

Since launch, Uniswap has handled over $1.54 trillion, with $81.7B in the last 30 days.

3️⃣ Innovation with Unichain:

Unichain, Uniswap’s layer-2 solution, is currently in testnet. The public mainnet is expected by late 2024 or early 2025, aiming to outperform Ethereum, Solana, and Arbitrum.

Challenges Ahead:

🐋 Whale Movements:

A whale moved 466,000 UNI ($5.4M) to OKX, likely preparing to sell.

Another whale transferred $1.29M worth of UNI to Coinbase.

📉 Risks:

Failure to hold above the $9 support could invalidate the bullish trend.

A rise to $100 might be unrealistic for 2024, as it requires a 733% increase.

Technical Outlook:

🔑 The chart shows:

A Golden Cross (50-day & 200-day EMAs crossing).

A Cup and Handle pattern, signaling potential for UNI to hit $17 soon.

Is Uniswap your next big play? Share your thoughts below!

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