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{"id":542868,"date":"2023-07-17T05:11:17","date_gmt":"2023-07-17T05:11:17","guid":{"rendered":"https:\/\/wncen.com\/?p=542868"},"modified":"2024-06-11T14:38:43","modified_gmt":"2024-06-11T14:38:43","slug":"uniswaps-uni-price-rally-6","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/uniswaps-uni-price-rally-6\/","title":{"rendered":"Uniswap\u2019s UNI Price Could Soon Rally Above $6 \u2013 Here\u2019s Why"},"content":{"rendered":"

Uniswap\u2019s UNI started a decent increase above $5.35 against the US Dollar. The price is likely to continue higher above $6.00 and $6.20 in the near term.<\/em><\/p>\n

\n
UNI started a fresh increase after forming a base above the $4.75 level against the US dollar.<\/li>\n
The price is trading above $5.65 and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI\/USD pair (data source from Kraken).<\/li>\n
The pair is likely to continue higher if it clears the $6.00 and $6.20 resistance levels in the near term.<\/li>\n<\/ul>\n
Uniswap\u2019s UNI Regains Traction<\/h2>\n
After forming a support base above $5.00, UNI started a fresh increase. The bulls were able to push Uniswap\u2019s price above the $5.25 and $5.30 resistance levels, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was also a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI\/USD pair. The pair gained pace and tested the $6.30 zone. A high is formed near $6.291 and the price started a downside correction.<\/p>\n
There was a break below the $6.00 level. UNI price tested the 50% Fib retracement level of the upward move from the $5.09 low to the $6.291 high.<\/p>\n
$\"Uniswap\u2019s$ <\/p>\n
Source: UNIUSD on TradingView.com<\/a><\/p>\n
The price is now trading above $5.50 and the 100 simple moving average (4 hours). On the upside, the price is facing hurdles near $6.00 and $6.10. A close above the $6.10 level could open the doors for more gains in the near term. The next key resistance could be near $6.30, above which the bulls are likely to aim a test of the $6.80 level. Any more gains might send UNI toward $7.00.<\/p>\n
Dips Supported?<\/h2>\n
If UNI price fails to climb above $6.00 or $6.20, it could correct further lower. The first major support is near the $5.70 level. The next major support is near the $5.50 level.<\/p>\n
It is close to the 61.8% Fib retracement level of the upward move from the $5.09 low to the $6.291 high. A downside break below the $5.50 support might open the doors for a push toward the key $5.10.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for UNI\/USD is gaining momentum in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for UNI\/USD is well above the 50 level.<\/p>\n
Major Support Levels \u2013 $5.65, $5.50 and $5.10.<\/p>\n
Major Resistance Levels \u2013 $6.00, $6.30 and $6.80.<\/p>\n","protected":false},"excerpt":{"rendered":"
Uniswap\u2019s UNI started a decent increase above $5.35 against the US Dollar. The price is likely to continue higher above $6.00 and $6.20 in the near term. UNI started a fresh increase after forming a base above the $4.75 level against the US dollar. The price is trading above $5.65 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI\/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $6.00 and $6.20 resistance levels in the near term. Uniswap\u2019s UNI Regains Traction After forming a support base above $5.00, UNI started a fresh increase. The bulls were able to push Uniswap\u2019s price above the $5.25 and $5.30 resistance levels, similar to Bitcoin and Ethereum. There was also a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI\/USD pair. The pair gained pace and tested the $6.30 zone. A high is formed near $6.291 and the price started a downside correction. There was a break below the $6.00 level. UNI price tested the 50% Fib retracement level of the upward move from the $5.09 low to the $6.291 high. Source: UNIUSD on TradingView.com The price is now trading above $5.50 and the 100 simple moving average (4 hours). On the upside, the price is facing hurdles near $6.00 and $6.10. A close above the $6.10 level could open the doors for more gains in the near term. The next key resistance could be near $6.30, above which the bulls are likely to aim a test of the $6.80 level. Any more gains might send UNI toward $7.00. Dips Supported? If UNI price fails to climb above $6.00 or $6.20, it could correct further lower. The first major support is near the $5.70 level. The next major support is near the $5.50 level. It is close to the 61.8% Fib retracement level of the upward move from the $5.09 low to the $6.291 high. A downside break below the $5.50 support might open the doors for a push toward the key $5.10. Technical Indicators 4-Hours MACD \u2013 The MACD for UNI\/USD is gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for UNI\/USD is well above the 50 level. Major Support Levels \u2013 $5.65, $5.50 and $5.10. Major Resistance Levels \u2013 $6.00, $6.30 and $6.80.<\/p>\n","protected":false},"author":67,"featured_media":455158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[82849,80532,82853,82852],"class_list":["post-542868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-uni","tag-uniswap","tag-uniusd","tag-uniusdt"],"acf":[],"yoast_head":"\nUniswap\u2019s UNI Price Could Soon Rally Above $6 \u2013 Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Uniswap\u2019s UNI started a decent increase above $5.35 against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Uniswap\u2019s UNI Price Could Soon Rally Above $6 \u2013 Here\u2019s Why","url":"http:\/\/wncen.com\/news\/uniswaps-uni-price-rally-6\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/uniswaps-uni-price-rally-6\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/shutterstock_716909917.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/shutterstock_716909917.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["uni","uniswap","uniusd","uniusdt"],"dateCreated":"2023-07-17T05:11:17Z","datePublished":"2023-07-17T05:11:17Z","dateModified":"2024-06-11T14:38:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Uniswap\\u2019s UNI Price Could Soon Rally Above $6 \\u2013 Here\\u2019s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/uniswaps-uni-price-rally-6\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/uniswaps-uni-price-rally-6\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/shutterstock_716909917.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/shutterstock_716909917.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"uni\",\"uniswap\",\"uniusd\",\"uniusdt\"],\"dateCreated\":\"2023-07-17T05:11:17Z\",\"datePublished\":\"2023-07-17T05:11:17Z\",\"dateModified\":\"2024-06-11T14:38:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/01\/shutterstock_716909917.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/542868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=542868"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/542868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/455158"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=542868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=542868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=542868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}