Uniswap (UNI) price has seen impressive growth, crossing the $10 billion market cap and rising 80.44% in the last 30 days. With the price currently at 67 on the Relative Strength Index (RSI), UNI is approaching overbought territory but still has room to grow before signaling an immediate correction.
Despite a slight dip in the Average Directional Index (ADX) from 46 to 39, UNI remains in a strong uptrend with a trend strength above 25. If the uptrend continues, UNI could test the resistance at $17.39, potentially reaching $20, its highest price since 2021.
UNI RSI Is Still Below Overbought Zone
Uniswap RSI is currently at 67, meaning it is approaching overbought territory but hasn’t yet reached the 70 mark.
RSI values above 70 typically suggest the asset is overbought, but at 67, UNI still has room to grow without signaling an immediate correction.
RSI measures price momentum on a scale from 0 to 100, with values above 70 indicating overbought conditions and below 30 suggesting oversold conditions.
Since UNI RSI stayed above 70 during recent price spikes, the current level of 67 shows there is still potential for growth before a correction might occur.
Uniswap ADX Shows the Current Uptrend Is Strong
UNI’s ADX is currently at 39, down from 46 just two days ago, indicating a slight decrease in trend strength.
While this drop suggests a reduction in momentum, the ADX still remains above 25, which signals that UNI price is in a strong trend, despite the recent pullback.
The Average Directional Index (ADX) measures the strength of a trend, with values above 25 indicating a strong trend and values below 20 suggesting weak or no trend.
Since UNI’s ADX is at 39, it shows that the asset is still in a strong uptrend, although the recent decrease suggests a potential slowdown in momentum. The ADX at 39 indicates that UNI bullish trend remains intact, but there may be a brief consolidation before further gains.
UNI Price Prediction: Can It Rise Back to $20 After 3 Years?
If the uptrend continues, UNI price could test the resistance at $17.39 and potentially rise up to $20, marking its highest price since 2021.
This would signal a strong continuation of the bullish momentum, with Uniswap price aiming for significant gains.
However, if the current trend reverses, Uniswap price could test the first support level around $13.5. If this support fails to hold, the price could drop further, potentially reaching as low as $12.4, indicating a bearish shift if the trend doesn’t regain strength.
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