Price Predictions

Uniswap Price Prediction: Will UNI Price Hit $20 in August 2022?

Uniswap Price Prediction: Will UNI Price Hit $20 in August 2022?

Key Takeaways

  • The Uniswap (UNI) price closed the previous day’s trade at $8.91 with a market capitalization of $6.72 billion and a circulating supply of 745.3 million UNI
  • The UNI price is following a slow yet steady uptrend and aims to surge by more than 40% to achieve the levels close to $15 by the end of monthly trade

Uniswap Price Analysis for July 2022

Current Price $8.75
Market Cap $6.52 billion
Circulating Supply 745.3 million
Total Supply 1 billion
Vol (24H) $377.14 million
Change(7D) +5.73%
Change (30D) +61.16%

Check Uniswap INR Price, Charts, and Data

Will Uniswap Price Reach $15 in August 2022?

The UNI price after the recent price jump in the last few days of July appears to have maintained a similar momentum. Despite a notable pullback below $8, the asset managed to climb back close to $10 but woefully again faced a rejection. However, the bulls appear to have regained the strength and hence a firm upswing could be fast approaching. 

As Uniswap is swinging within an ascending parallel channel the price movement may continue towards the south. The UNI price may hit $10 in the next 7 to 10 days and by the end of August could also surge beyond $12. However, the price may face a slight pullback and close the August trade between $11 to $11.5. 

Will Uniswap Price Reach $50 in 2022?

The UNI price since the beginning of 2022 has been attempting hard to nullify the bearish trend and hence seems to have changed its strategy. Previously, the asset underwent steep upswings of nearly 50% to 60% which resulted in an equal price drain. However, since the beginning of April’s trade, the UNI price is undergoing a parabolic recovery and appears to achieve immediate highs very soon.

The UNI price is expected to rise beyond $10 and achieve the levels around $11 by the end of August 2022. Further maintaining a similar trend, the price may close the Q3 trade above $16 but may not test $20. During the last quarter, the UNI price may rise above $23 and may experience a pullback below $20. However, by the end of 2022 trade, prices could settle close to $30 and in an extended bull run, it may also surge beyond these levels. 

Uniswap Price Prediction: UNI Price Trend Comparison with CRV

Uniswap

Source: Tradingview

  • Uniswap and Curve, both are among the popular DEX’s in the crypto space which hold their position within the top 5 TVL rankings
  • Both UNI & CRV flipped from their lows and set up a significant upswing without experiencing a major pullbacks
  • The Uniswap price flipped from -30% and maintained a decent upswing to surge above +90%, currently trading at +81.28%
  • Conversely, the CRV price dropped more lower to hit -50% and rebounded fairly to achieve +30%, but currently trading at +12.08%

Uniswap Price Prediction: UNI/USDT Price Trend Comparison with UNI/BTC

Uniswap

Source: Tradingview

  • The markets collapsed during the mid-June and hence weakened the USDT pair, displaying a notable strength with the BTC pair
  • Both the pairs are heading strongly towards the north, nullifying the bearish impact that accumulated every now and then. 
  • The UNI/USDT pair after hitting the lows below -20% consolidated for a while and raised to reach +85%. However, it is trading at +79.65% at the press time
  • While the UNI/BTC pair maintained its strength and quickly rebounded as it dropped below 0 and surged beyond +100% to trade at +130.10% at the press time

Uniswap(UNI) Technical Overview

  • As mentioned above, the UNI price maintained its trend within an ascending parallel channel ever since it formed the yearly lows during mid-June
  • The bears attempted very hard to drag the price lower but the asset maintained a firm upswing forming a couple of bull flags
  • Presently, the UNI price is on the verge to breakout from a recently formed bull flag and aims to jump by 18% to 20% to hit $10 at the earliest
  • However, the RSI and MACD are bullish and maintain its incrementing trend. Therefore, the asset reaching the $11 resistance during the weekend appears imminent

Additional Read: Uniswap Technical Analysis

Impact of Crypto Crash on UNI Price

Uniswap price has been within bearish captivity ever since the asset smashed the highs close to $50 during the 2021 rally. No doubt, the bulls attempted very hard to uplift the price beyond $30, bears slashed the price below $10 during the recent price drain. On the other hand, the series of negative events like the LUNA-UST crisis, Celsius Network Collapse, etc fueled the rally to hit the lower bottom at $3.27. 

While the crypto space is constantly dealing with the bearish activity, the traders within the Indian Subcontinent are also dealing with the newly imposed Tax Regime. The Finance Minister rolled out a tax slab of 30% on crypto profits and 1% TDS on every transaction recently. This has adversely impacted the trading community as well as dried up the volumes within the exchanges. 

Where & How to buy Uniswap(UNI) 

Buying and selling is pretty simple and safe on CoinDCX where you can avail the best deals in the market. To register, just download the CoinDCX App and enter your details. Once your profile is verified, fund your wallet and buy Uniswap(UNI).

You can also try CoinDCX’s Crypto Investment Plan(CIP) and the newly launched CoinDCX Earn. With CIP, you can invest in easy weekly installments and Earn enables you to make passive earnings on your idle crypto investments. Therefore, start investing in Bitcoin & other cryptos with Crypto Investment Plan now!

FAQS

Will the UNI coin hit $20 in August 2022?

UNI price is bullish at the press time and displays a strong tendency to range beyond $10 to $12 by the end of August. However, the asset is expected to continue surging and reach $20 in the next couple of months.

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