The post Can UNI Surge to $20 This October? appeared on BitcoinEthereumNews.com.

Uniswap (UNI) price has experienced a modest recovery amid recent market dynamics. Despite persistent volatility, the token shows potential for further gains. Currently trading within a slightly bullish pattern, Uniswap aims for a breakthrough as it targets the $20 mark.  However, the price faces a crucial resistance level that could influence its next movement. As the broader market struggles to regain momentum, Uniswap’s performance will be pivotal in determining its short-term direction. Today, the crypto market is experiencing a sideways trend, with both bulls and bears in action. Bitcoin (BTC) remains stable, just above its key support level of $61,000. Meanwhile, Ethereum (ETH) is trading near the $2,400 mark, showing slight movement within a narrow range. Uniswap Price Sees Modest Gains Amid Intraday Volatility The UNI price shows steady gains, rising 2.45% in the last 24 hours to $7.25. The token experienced fluctuating activity throughout the day, with prices ranging from a low of $7.04 to a high of $7.37. UNI’s current price movement indicates growing interest as the token attempts to establish a more defined upward trend. The chart highlights brief dips below $7.10, followed by recoveries that brought the price back above $7.20.  Will UNI Price Hit $10 By End Of These Week? Market participants will be eyeing key price zones, particularly the $10 mark, which could be the first significant resistance. A break above this level might pave the way for a test of $15, with $18 being the ultimate target in this bullish scenario. If the momentum sustains, the altcoin could rally toward the $20 mark, representing a gain of over 170% from the current level. The Relative Strength Index (RSI), currently near 57, indicates a growing bullish sentiment without reaching the overbought zone. If buying pressure intensifies, further upside could be on the horizon. Uniswap…

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Filed under: News - @ October 9, 2024 10:27 pm