Uniswap ($UNI ) has experienced a decline of 3.13% in value over the last 24 hours. Currently priced at $13.59, UNI is trading 10.42% below the predicted value for December 28, 2024. However, the coin has demonstrated significant growth in the last month, increasing by 29.60%, and has gained 101.76% over the past year.
Uniswap Price Overview
Current Price: $13.59
Predicted Price by Dec 28, 2024: $15.17 (8.21% increase)
Market Sentiment: Neutral
Fear & Greed Index: 70 (Greed)
Key Support Levels: $13.35, $12.84, $12.40
Key Resistance Levels: $14.30, $14.74, $15.24
Over the past month, Uniswap has shown a strong performance, gaining 29.60%. Over the last three months, the coin has increased by 96.29%, and its long-term trend is equally positive, with a 101.76% price increase year-over-year. Last year on this date, UNI was trading at $6.74.
The highest all-time price for Uniswap was $44.93, recorded on May 3, 2021. Its current cycle high stands at $19.42, while the cycle low reached $3.38. Uniswap has been highly volatile recently, with a 1-month volatility rate of 15.68%.
Technical Analysis
At present, the market sentiment surrounding Uniswap is neutral, with 57% of technical indicators suggesting a bullish outlook. The Fear & Greed index, which measures investor sentiment in the cryptocurrency market, currently reads 70 (Greed), signaling optimism among investors. However, such levels may also indicate potential market overvaluation.
Key Moving Averages and Indicators
Daily Simple Moving Averages (SMA):
MA3: $15.67 (SELL)
MA5: $15.07 (SELL)
MA10: $15.61 (SELL)
MA21: $15.82 (SELL)
MA50: $12.18 (BUY)
MA100: $9.74 (BUY)
MA200: $8.79 (BUY)
Daily Exponential Moving Averages (EMA):
EMA3: $15.14 (SELL)
EMA5: $15.59 (SELL)
EMA10: $15.95 (SELL)
EMA21: $15.26 (SELL)
EMA50: $12.91 (BUY)
EMA100: $10.87 (BUY)
EMA200: $9.50 (BUY)
The Relative Strength Index (RSI) is currently at 49.32, indicating that Uniswap is in a neutral position. The Stochastic RSI is at 0.00, signaling a buy opportunity, while other indicators such as the Commodity Channel Index (-66.67) and the Average Directional Index (33.46) are neutral or suggest a buying opportunity.
Market Outlook
The prediction for Uniswap in the next five days suggests an 8.21% price increase, bringing UNI closer to the $15.17 mark by December 28, 2024. However, as the cryptocurrency market is highly volatile, this forecast is subject to change based on shifts in investor sentiment, market conditions, and other external factors.
The Fear & Greed Index at 70 suggests that there is a prevailing sense of optimism in the broader crypto market, which could drive further price increases. However, caution is advised as high levels of "greed" may sometimes signal an overbought market.
Conclusion
In conclusion, while the short-term outlook for Uniswap is neutral with some bullish indications, investors should monitor key support and resistance levels closely. The market is volatile, and fluctuations in sentiment could significantly affect price movements. As always, it is essential to conduct thorough research and consult with financial professionals before making any investment decisions.
For a more detailed, long-term price forecast for Uniswap, further analysis is recommended.