Uniswap Price Prediction: 2024, 2025, 2030

UNI price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly timeframe, $4.1 established itself as the lowest floor for the token.
• Meanwhile, $20.1 might prove to be the highest possible resistance for UNI.

2. Market sentiment

• In April 2024, the overall market sentiment is seen to be slightly bearish.

3. Predictive forecasts

• Based on the token’s current market performance, UNI will likely attain an average trading price of $40.9 by 2028 and $53.3 by 2030.

Given below is a comprehensive weekly technical analysis of UNI, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

UNI technical analysis: Can the token plummet after a massive boom?

The Uniswap price prediction for 2024 is carried out by analyzing its trading behavior over the past year, focusing on key market movements and investor sentiment shifts that have influenced its price trajectory.
 

The review began with UNI's price testing the $6.4 mark at the start of the analysis period. However, this price level faced significant rejection by mid-April, leading to a sharp downtrend. 
 

The subsequent bearish momentum was robust, driving UNI’s price below crucial support levels. It broke past the $5.0 mark and descended to a low of $4.1 by June. This point marked the lowest support level UNI would revisit throughout the year.
 

Following this low, a bullish rally emerged towards the end of July, effectively reversing the earlier losses and pushing UNI's price back to the initial $6.4 level. However, this recovery was short-lived as bearish forces regained control at the start of August. 
 

The resulting downward trajectory once again brought UNI down to its low at $4.1, where it remained stagnant through the end of October, indicating that the traders were trying to decide upon the future of this token.
 

A shift in market dynamics was observed in November when another bullish rise propelled UNI's price to a new high of $7.7. Although a minor correction attempted to pull the value back towards the $6.4 level, the bullish momentum was resilient, with bulls effectively pushing the price upwards.
 

By February, the continuous bullish drive saw UNI reaching its peak resistance level for the analysis period at the $12.9 resistance level. This peak was maintained throughout March, showcasing strong market confidence and sustained buyer interest at higher price levels. 
 

However, as April began, a significant corrective pullback occurred, sharply reducing UNI’s value below $7.7. By press time, UNI was trading at $7.6.
 

UNI’s trajectory faced a significant blow over the past months. According to CoinMarketCap, the token witnessed a 35% decline in value over the past month. AMBCrypto pointed to another catalyst for this downtick. This was the rejection of a proposal that would have enabled the decentralized autonomous organization (DAO) to modify the protocol's fee structure.
 

If the downtrend continues, UNI’s value is likely to fall below the $6.4 mark in the next few weeks. A pronounced bearish rally with sustained momentum may result in UNI plummeting further to touch the $5.0 level within the upcoming months.
 

Nevertheless, with strong buying momentum, the market might avert further declines. If a trend reversal occurs and the bulls take charge, UNI will likely climb to its peak of $12.9 within the upcoming weeks. A sustained bullish rally may even drive the token’s value higher to touch the $20.1 by the end of this year.
 

Amidst the fluctuating market conditions, the long-term growth trajectory for UNI seems to be positive. Looking at the broad market sentiment and investor activity, it can be forecasted that if the bulls continue to hold ground and showcase resilience, the token may reach an average value of $40.9 by 2028. Furthermore, if new developments occur and UNI’s utility increases, the token may even touch $53.3 by 2030.

UNI's 2024 roadmap: Key indicators to watch and trade

• The trading volume was significantly dull until mid-October, indicating a lack of active buyers. Towards the end of October, a slight recovery was observed, but it dropped again by the end of January, aligning with a minor price decline. 
• The trading volume has been on a tremendous rise since mid-February, paralleling price increases. However, it slightly waned at press time, mirroring the latest correction.
• The Bollinger Bands exhibited a contracted state indicative of bearish market control. They started to expand towards the end of October, with the price momentarily breaching the upper band in December. 
• This expansion became more pronounced by mid-February, with the price consistently staying above the upper band, suggesting increased market volatility and overvaluation. As a correction followed, the price candles again dipped below the upper band.
• The 20-week moving average (MA) acted as a dynamic resistance for UNI. The price managed to surpass this average slightly at the outset and again between mid-July and mid-August. Since November, the price has successfully maintained its position above the MA, indicating a shift in market dominance towards the bulls. However, in April 2024, it dipped below the 20 MA, following the downtrend.
• The Moving Average Convergence/Divergence (MACD) indicator highlighted the persistent bearish momentum within the market for a considerable period. Initially, both the MACD and signal lines were below the zero mark. In April 2023, the MACD line declined below the signal line. Despite a brief reversal in June, the MACD line dipped below the signal line again by August.
• From October, the MACD line ascended above the signal line, maintaining an upward trajectory. It crossed the zero line by the end of November, and the signal line followed suit in mid-December, indicating a strengthening bullish momentum. 
• By mid-April 2024, the MACD line fell below the signal line again. At the time of this analysis, the MACD line stood at 0.944, the signal line at 1.285, and the histogram at -0.341. These values validated the potential for a continued downtrend.