{"id":113782,"date":"2023-06-25T23:23:01","date_gmt":"2023-06-25T23:23:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/uniswap-up-15-in-24-hours-more-gains-likely-crypto-news\/"},"modified":"2023-06-25T23:23:03","modified_gmt":"2023-06-25T23:23:03","slug":"uniswap-up-15-in-24-hours-more-gains-likely-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uniswap-up-15-in-24-hours-more-gains-likely-crypto-news\/","title":{"rendered":"Uniswap up 15% in 24 hours &#8211; More gains likely?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i><span style=\"font-weight: 400;\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">UNI was up 15% over the past 24 hours at the time of writing.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Supply on exchanges eased;  active addresses were muted.<\/span><\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/UNI\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Uniswap [UNI]<\/span><\/a><span style=\"font-weight: 400;\">  recovered all June losses but has hit a key price level.  It was up about 15% in the past 24 hours at the time of writing.  But it has hit a key resistance level of $5.41, which could temporarily delay further rally.  <\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">read <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/uniswap-price-prediction\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Uniswap&#8217;s [UNI] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\">  2023-24<\/span><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">Recent <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/how-uniswap-has-contributed-to-optimisms-growth\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reports<\/span><\/a><span style=\"font-weight: 400;\">  indicates that Uniswap&#8217;s incentives on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/op\" data-wpel-link=\"internal\">optimism [OP]<\/a>  posted mixed results on the liquidity and DeFi sector fronts.  However, UNI remained firmly bullish on the price charts and could seek additional gains if it clears this roadblock. <\/span><\/p>\n<h4>Is a bullish breakout likely?<\/h4>\n<div id=\"attachment_323078\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/UNIUSDT_2023-06-25_12-11-55.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-323078\" class=\"size-full wp-image-323078\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/UNIUSDT_2023-06-25_12-11-55.png\" alt=\"\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/UNIUSDT_2023-06-25_12-11-55.png 1950w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/UNIUSDT_2023-06-25_12-11-55-300x171.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/UNIUSDT_2023-06-25_12-11-55-1024x582.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/UNIUSDT_2023-06-25_12-11-55-768x437.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/UNIUSDT_2023-06-25_12-11-55-1536x874.png 1536w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-323078\" class=\"wp-caption-text\">Source: UNI\/USDT on TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Measured from the range-low on June 12 up to the intersection of the range-high and the $5.41 resistance level, UNI has hiked about 35% in the past two weeks. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When the D1 charts are zoomed out, the overall price action chalked a descending channel (white).  Key price levels lie below the $5.4 resistance zone (cyan) and the supply zone (red) of $6.3 \u2013 $6.6 (red). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the RSI making a foray into the overbought zone and improved capital inflows (rising CMF), UNI could attempt to surge further.  Hence, UNI could smash the $5.4 resistance and rally towards the supply zone of $6.3 \u2013 $6.6 (red), offering a potential 20% hike.  But bulls must clear another hurdle of $5.69. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, a rejection at the confluence of the range-high and resistance level of $5.4 could tip sellers to gain entry and look for gains at $4.7 or range low.<\/span><\/p>\n<h4>Supply on exchanges eased, but \u2026<\/h4>\n<div id=\"attachment_323079\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-323079\" class=\"size-full wp-image-323079\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-323079\" class=\"size-full wp-image-323079\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/06\/Uniswap-on-Ethereum-UNI-12.21.52-25-Jun-2023-2048x693.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-323079\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">According to Santiment, UNI&#8217;s supply of exchanges dropped sharply on 9 June and moved sideways from mid-June.  It shows short-term selling pressure eased as the amount of UNI moved to CEX (centralized exchanges) for offloading reduced. <\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-uni-to-usd\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">1,10,100 UNIs worth today<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">However, the trading volumes, shown by the active addresses (yellow bars), remained low compared to the numbers seen during the June 9 drop.  A bullish breakout could delay for a while \u2013 but the bullish BTC could offer MATIC bulls a head start. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If so, a pullback retest at $5.4 could offer new buying opportunities, targeting the supply zone of $6.5. <\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. UNI was up 15% over the past 24 hours at the time of writing. Supply on exchanges eased; active addresses were muted. Uniswap [UNI] recovered all June losses but has hit a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":113783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-113782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/113782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=113782"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/113782\/revisions"}],"predecessor-version":[{"id":113784,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/113782\/revisions\/113784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/113783"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=113782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=113782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=113782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}