Uniswap Price Analysis: Will UNI Retest $6.69 Level?

  • UNI has its next resistance at $6.69.
  • Uniswap currently trades near $4.28
  • Uniswap price analysis is bullish today.
  • The current trading volume of Uniswap is at $35,858,781.00.

24 September 2023 : In this article we will walk you through Uniswap price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Uniswap, Is UNI a good investment? Uniswap support & resistance levels etc. But before diving deep into the UNI technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,054,455,966,882. The total trading volume stands at $14,806,067,335. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,587.28 level after an upward movement of 0.05%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.21 percent reaching to $1,594.65 during the previous 24 hours.
While publishing this blog, BNB traded at $210.77, following a price change of 0%within the same time frame. XRP the native coin of XRP is up by 0.08 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Uniswap Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Uniswap (UNI)

UNI Resistance Levels UNI Support Levels
Resistance Level 1 $6.69 Support Level 1 $5.56
Resistance Level 2 $7.17 Support Level 2 $4.92
Resistance Level 3 $7.81 Support Level 3 $4.43

Uniswap Performance

The price of Uniswap (UNI) is at $4.28, up 0.13% in the past 24-hours and has a price change of -1.55% over the week. One day trading volume for BTC is 35,858,781.00 USD while total marketcap reached $2,472,189,678.00 USD. There are almost 577,501,031 are in circulation out of 1000000000.

Uniswap Price Analysis

UNI price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Uniswap.

Moving Averages Price Indicator
Simple Moving Average (10) 6.24 Sell
Exponential Moving Average (10) 6.27 Sell
Simple Moving Average (20) 6.41 Sell
Exponential Moving Average (20) 6.41 Sell
Simple Moving Average (50) 6.21 Sell
Exponential Moving Average (50) 6.22 Sell

RSI implying consolidation phase while trading at 44 and is trying to break out of the neutrality zone. The Uniswap has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take UNI price below the crucial support level of $5.56. The MACD line is standing below of the signal line after a crossover. Uniswap investors need to wait for any directional change over the daily chart. While UNI’s Williams %R indicator is at -41.24 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.


From the technical analysis, the overall trend of the Uniswap is still bearish; however, the price action might shows an attempt a bullish reversal with its bullish engulfing candle pattern. Therefore, if UNI manages to stay above $5.56, it can provide an excellent long opportunity for UNI communnity.