Uniswap's Price Forecast Reaches $11 Following Consolidation Above Crucial Moving Average
In the world of cryptocurrency, Uniswap (UNI) has been maintaining a steady position, trading around $9.67, up a modest 1.38% over 24 hours. The memecon has shown short-term volatility, trading between $9.40 and $9.70 over the past day.
The daily volume for UNI exchange is hovering over $300 million, indicating a significant level of trading activity. Volume plays a crucial role in supporting any potential move in the market.
The price action is consolidating within the Bollinger Bands, stretching from about $8.89 to $11.46. This consolidation has formed a base just above $9.50 on the daily chart. However, UNI trades just below the 20-day moving average around $10.17, which could be acting as a resistance level.
The Relative Strength Index (RSI) is around 43, indicating that buying power has softened. The RSI's downward trend and position below the neutral 50 level suggests caution for buyers. However, the RSI's cooling off could lay the groundwork for the next upward push if momentum indicators turn positive.
The stochastic oscillator is bouncing from oversold levels, implying a potential recovery. Lower highs on the oscillator reveal lingering bearish pressure that might slow gains in the short term. The MACD still signals bearish momentum, but shrinking histogram bars point to a possible slowdown in selling.
Despite these bearish indicators, the market cap of UNI exchange stands strong at about $5.8 billion. UNI has been resilient, with buyers defending local highs around $12, even though the token has faced resistance at this level.
If bearish pressure continues, a trip back toward the $8.90 support zone is possible. However, a bounce above $10.20 could signal renewed buying and reopen the path to upper resistance levels. A break back above $10.50-$11.00 would be the next major milestone for bulls to target.
Looking back, the last low point for UNI occurred in spring 2025, marking the bottom before the current overall upward trend began. Since that low, UNI has faced strong resistance near $12.28, with the current price around $10.60 as of August 18, 2025.
In conclusion, while UNI is currently consolidating within a narrow range, the overall trend remains bullish as long as the price can hold above the $9.40-$9.50 area. Traders should keep a close eye on volume and momentum indicators for signs of a potential breakout or reversal.
