Uniswap (UNI) Price Prediction 2022 – Will UNI Hit $25 Soon?

• Bullish UNI price prediction is $8.12 to $18.65.
• Uniswap (UNI) price might also reach $25 soon.
• Bearish UNI  price prediction for 2022 is $3.51.

In Uniswap(UNI) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about UNI to analyze the future movement of the cryptocurrency. 

Uniswap(UNI) Current Market Status

According to CoinGecko, the price of Uniswap(UNI) is $5.82 with a 24-hour trading volume of $102,072,009 at the time of writing. However, UNI has increased by nearly 0.9% in the last 24 hours.

Moreover, Uniswap(UNI) has a circulating supply of 753,766,667 UNI. Uniswap(UNI) trades in cryptocurrency exchanges such as Binance, OKX, Coinbase Exchange, FTX, LBank.

What is Uniswap(UNI)?

Uniswap (UNI) is the governance token of Uniswap, one of the fully decentralized exchanges. Uniswap is a decentralized exchange protocol existing on Ethereum. It equips the Ethereum network with automated market makers (AMMs) and thereby enhances the ease of swapping ERC-20 tokens.

UNI was launched as an ERC-20 token in 2020. Uniswap (UNI) grants voting rights to the users for participating in the governance proposals of Uniswap.

Uniswap platform enables permissionless listing of ERC-20 tokens. Any listed ERC-20 token gets its own exchange smart contract and liquidity pool on Uniswap. Users can trade ERC-20 tokens with ease and can also contribute to the liquidity pool. Liquidity providers (LPs) earn a 0.3% fee for contributing to the pool. The price of tokens on Uniswap, determined based on the supply and demand of the tokens held up in the pool.

Uniswap was launched in November 2018 and the subsequent upgraded iterations, V2 and V3 were launched in 2020 and 2021 respectively.

Uniswap(UNI) Price Prediction 2022

Uniswap(UNI) holds the 19th position on CoinGecko right now. UNI price prediction 2022 is explained below with a daily time frame.

The falling wedge is a bullish price pattern that represents a story about the market in which bulls are preparing for another push. A falling wedge pattern is bullish, although it appears after a bearish trend. The falling wedge pattern works as both a trend work as a trend reversal and a trend continuation pattern. If the falling wedge appears in a downtrend, it considered a reversal pattern. 

A falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place.

Currently, Uniswap(UNI) is in the range of $5.82 If the pattern continues, the price of UNI  might reach the resistance levels of $6.12, $7, and  $9.63. If the trend reverses, then the price of UNI may fall to $5.12.

Uniswap(UNI) Support and Resistance Levels

The chart below shows the support and resistance levels of Uniswap(UNI).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Uniswap(UNI). 

Resistance Level 1	$8.12
Resistance Level 2	$12.55
Resistance Level 3	$18.65
Support Level 1	$6.04
Support Level 2	$4.56
Support Level 3	$3.51

The charts show that Uniswap(UNI)  has performed a bullish trend over the past month. If this trend continues, UNI might run along with the bulls overtaking its resistance level at $18.65.

Accordingly, if the investors turn against the crypto, the price of Uniswap(UNI)  might plummet to almost $ 3.51, a bearish signal.

Uniswap(UNI) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Uniswap(UNI) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of UNI lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Uniswap(UNI) is shown in the chart above. Notably,  Uniswap(UNI) price lies below 50 MA (short-term), so it is in a downtrend. Currently, UNI has entered a bearish state. Therefore, there is a possibility of a reversal trend of UNI at any time.

Meanwhile, the relative strength index (RSI) of the UNI is 46. This means that Uniswap(UNI) is in a nearly oversold state. However, this means a major price reversal of UNI may occur in the upcoming days. So, traders need to trade carefully. 

Uniswap(UNI) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Uniswap(UNI). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Uniswap(UNI). Currently, the ADX of UNI lies in the range of 16.33  and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Uniswap(UNI). RVI measures the constant deviation of price changes over a period of time. The RVI of UNI lies above 50, indicating high volatility. In fact, the RSI of Uniswap(UNI) is at 46 thus confirming a potential buy signal.

Comparison of UNI with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Uniswap(UNI).

From the above chart, we can interpret that the price action of UNI is similar to BTC and ETH. This indicates that when the price of  BTC and ETH  increases, the price of UNI increases. When the price of BTC and ETH decreases, UNI prices decrease.

Uniswap(UNI) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Uniswap(UNI) might probably attain $45 by 2023.

Uniswap(UNI) Price Prediction 2024

With several upgrades in the network, Uniswap(UNI) might enter a bullish trajectory. If the coin grabs the attention of major investors, UNI might rally to hit $65 by 2024. 

Uniswap(UNI) Price Prediction 2025

If Uniswap(UNI) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 7 years, UNI would rally to hit $85.

Uniswap(UNI) Price Prediction 2026

If Uniswap(UNI) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, UNI would rally to hit $105.

Uniswap(UNI) Price Prediction 2027

If Uniswap(UNI) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, UNI would rally to hit $125. 

Uniswap(UNI) Price Prediction 2028

Uniswap(UNI) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, UNI would hit $145 in 2028.

Uniswap(UNI) Price Prediction 2029

If investors flock in and continue to place their bets on Uniswap(UNI), it would witness major spikes. UNI might hit $165 by 2029.

Uniswap(UNI) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in UNI for the next 8 years and drive significant price rallies for the token. Hence, Uniswap(UNI) might hit $185 by 2030.

Conclusion

With continuous improvements in UniswapNetwork, we can say that 2022 is a good year for UNI. For this reason, the bullish price prediction of Uniswap(UNI) in 2022 is $18.65. On the other hand,  the bearish price prediction of Uniswap(UNI) price prediction for 2022 is $3.51.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of UNI would help to reach above its current all-time high (ATH) of $44.92 very soon. But, it might also reach $25  if the investors believe that UNI is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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