Uniswap Price Prediction: 2024, 2025, 2030

UNI price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly timeframe, $4 established itself as the lowest floor for the token.
• Meanwhile, $24 might prove to be the highest resistance for UNI.

2. Market sentiment

• In March 2024, the market sentiment was bullish amid a market correction.

3. Predictive forecasts

• Based on our AI/ML predictive models, UNI might attain an average trading price of $100 in 2026 and over $1700 in 2030.

Get deep insights on UNI’s future trajectory through a comprehensive weekly technical analysis, 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: Bulls navigate a market correction

The Uniswap price prediction for 2024 presents a compelling narrative of the token's journey. This has been characterized by significant fluctuations and notable rejections that shaped its market performance. 

The beginning of the analysis was characterized by UNI’s considerable challenges in surpassing the resistance at $6.7. Despite repeated efforts, the price struggled to maintain its ground, ultimately breaking below the support level at $5.5 towards the end of April. This led to a continuous decline. By June, the token found its lowest support within the analyzed time frame at $4.
 

The downturn was met with resilience in mid-June as the bulls rallied. This effort culminated in mid-July as the buyers successfully reclaimed the $5.5 mark. Despite this push, a subsequent test of the $6.7 resistance towards the end of the month resulted in a repeated rejection, causing the price to once again retreat below the $5.5 level in mid-August.

As the market approached mid-September, the token revisited its lowest support level, underlining the ongoing challenges in establishing a sustained upward momentum. An impressive rally that commenced in late October enabled the price to surpass the $5.5 resistance by November. 

This month marked a number of key milestones for the decentralized exchange (DEX) as it amassed more than $55 million in protocol fees for November, which exceeded May's $68 million by a margin of 21%, according to DefiLlama. AMBCrypto reported that Uniswap witnessed 1.3 million active users during November, marking the highest user engagement since June.
 

This rally extended through December, with the price momentarily eclipsing the $6.7 resistance. However, the momentum was short-lived, as the price failed to maintain its ascendancy, resulting in a retraction to the $5.5 support level.

A notable change occurred in February, with another rally enabling the price to decisively overcome the $6.7 resistance by mid-month. This bullish trend propelled the token to new heights, establishing a new high resistance at $17 while turning $12.6 into a support in March. 

Yet, the recent decline turned this support into resistance, with the token trading at $12.1. This drop followed an overextended market. AMBCrypto also 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.

Nevertheless, with strong buying momentum, the market might avert further declines. Given the presence of continued buying pressure, UNI could escalate to as high as $24 within the year. This would also prove to be a point of resistance for the next target of $30.

Should a correction occur, the token might retract to its $11.1 support, where a significant bullish effort would be required to thwart further declines. Extending the forecast two years into the future, predictive models suggest that UNI could be trading at an average price of $100 in 2026, with the potential to reach over $1700 by 2030. This trajectory indicates that the token is set to overcome major psychological thresholds, reflecting optimistic long-term growth expectations.

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

• The trading volume was lackluster, 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. 
• From mid-February, trading volume has been on a tremendous rise, paralleling price increases. This was a strong indicator of renewed investor interest and confidence in the asset. 
• 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 this MA, indicating a shift in market dominance towards the bulls.
• 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, coinciding with the price drop below $5.5, 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, with the signal line following suit in mid-December, indicating a strengthening bullish momentum. 
• At the time of this analysis, the MACD line stood at 1.859, the signal line at 1.264, and the histogram at 0.595. These values validated the potential of a continued uptrend.