{"id":602798,"date":"2024-04-12T04:58:36","date_gmt":"2024-04-12T04:58:36","guid":{"rendered":"https:\/\/wncen.com\/?p=602798"},"modified":"2024-06-11T14:42:04","modified_gmt":"2024-06-11T14:42:04","slug":"uni-price-prediction-uniswap-7-65","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/uni-price-prediction-uniswap-7-65\/","title":{"rendered":"UNI Price Prediction \u2013 Uniswap Recovery Could Remain Capped"},"content":{"rendered":"
UNI price turned red and declined below the $10.00 support. Uniswap is showing many bearish signs and recoveries could face hurdles near $10.00.<\/em><\/p>\n
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UNI started a fresh decline below the $10.00 support zone.<\/li>\n
The price is trading below $9.50 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $10.25 on the 4-hour chart of the UNI\/USD pair (data source from Kraken).<\/li>\n
The pair might recover but the upsides might be limited above $10.00.<\/li>\n<\/ul>\n
UNI Price Takes Hit<\/h2>\n
After the SEC news, UNI started a major decline. There was an increase in selling pressure on Uniswap below the $12.00 pivot level. The price declined over 15% and traded below the $10.00 support. It also increased some pressure on Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n