Uniswap Price Prediction: $UNI Pumps 7% as Best Wallet Presale Hits $8.6M
The post Uniswap Price Prediction: $UNI Pumps 7% as Best Wallet Presale Hits $8.6M appeared on BitcoinEthereumNews.com.
Uniswap ($UNI) has surged 7% following the Fed’s latest policy announcement, which hinted at potential rate cuts without waiting for inflation to hit 2.0%. This boost in risk appetite, coupled with a positive mention of cryptocurrencies in banking, has driven $UNI’s price toward the key $12 resistance level. Breaking above this level could shift $UNI’s bearish trajectory, while failure to do so may signal a decline below $10. Uniswap Price Prediction: Can $UNI Break $12 Resistance or Face Another Drop? While $UNI’s chart analysis remains bearish, the Fed’s latest stance suggests macro headwinds may be easing. Powell’s comments, which indicate potential rate cuts ahead, have ignited risk-on sentiment across the market. However, incoming U.S. economic data could still play a crucial role—if reports indicate an unexpectedly strong economy, bearish macro-linked flows could return. On the other hand, if data supports a slowing economy, it could create a more favorable environment for $UNI’s price recovery. $UNI has been in a downtrend since early December when it peaked at $19, later forming a pennant pattern and breaking downward last week. Now, the $12 level, a key resistance-turned-support zone dating back to May 2024, is a critical test for the bulls. A breakout above this level could set the stage for a bullish reversal, while failure to do so may indicate the bears remain in control. If $UNI is rejected at $12, a potential retest of $10 or lower remains a risk in the short term. Meanwhile, traders are watching regulatory developments, particularly in the Trump administration, Congress, and the SEC, which could bring positive shifts in crypto policy. 💥BREAKING: 🇺🇸 Banks are perfectly able to serve crypto customers, says Fed Chair Jerome Powell Send it! 🚀 pic.twitter.com/wBLgMXgvrb — Bitcoin Archive (@BTC_Archive) January 29, 2025 The market likely hasn’t fully priced in these…
Filed under: News - @ January 30, 2025 9:24 pm