Uniswap (UNI) Price Surges Past $10 Billion Market Cap
Uniswap (UNI) price growth has been astonishing, with the market capitalization exceeding $10 billion, rising 80.44% in the past 30 days. The current RSI price is 67 (relative strength index), UNI is approaching overbought territory but still has room to grow before signaling an immediate correction.
Although the Average Directional Index (ADX) dropped slightly from 46 to 39, UNI is still in a strong uptrend with trend strength above 25. If the uptrend continues, UNI may test resistance at $17.39, potentially reaching $20, its highest price since 2021.
Joint RSI Still below the overbought zone
Uniswap The RSI is currently at 67, which means it is approaching overbought territory but has not yet reached the 70 mark.
RSI values above 70 usually indicate that the asset is overbought, but at 67, University Without signaling an immediate correction, there is still room for growth.
RSI measures price momentum on a scale of 0 to 100, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions.
since University The RSI remained above 70 during the recent price spike, and the current level of 67 suggests there is still potential for growth before a correction occurs.
Uniswap ADX Shows that the current upward trend is strong
UNI’s ADX is currently at 39, down from 46 two days ago, indicating a slight decrease in trend strength.
While this decline indicates some weakening momentum, ADX remains above 25, indicating that UNI price remains in a strong trend despite the recent pullback.
The Average Directional Index (ADX) measures the strength of a trend, with values above 25 indicating a strong trend and values below 20 indicating a weak or no trend.
With UNI’s ADX at 39, this suggests the asset is still in a strong uptrend, although the recent decline suggests momentum may be slowing. ADX of 39 indicates UNI bullish trend Remaining unchanged, but a brief consolidation is likely before further gains occur.
UNI Price Forecast: Can it recover to $20 in 3 years?
If the upward trend continues, single price A test of the $17.39 resistance is likely and a rise to $20 could mark the highest price since 2021.
This would mark a strong continuation of the bullish momentum, Uniswap The price target is for significant gains.
However, if the current trend reverses, Uniswap price A test of the first support near $13.5 is likely. If this support fails to hold, the price could fall further, possibly to $12.4, suggesting a bearish turn if the trend does not regain strength.
Disclaimer
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