Uniswap has today achieved its new ATH. The highest ever price for a UNI is $ 21.51. Will the cryptocurrency maintain its value?
What does the graph look like?
It is safe to say that the second month of the year is a fruitful time for Uniswap. UNI shows an upward trend both in the last 24 hours and in the last 7 days. Over the past week, the price of the cryptocurrency has increased by 44.51%.
In the last 24 hours, the price of UNI has increased by more than 2.5%. People who decided to buy this cryptocurrency paid an amount in the range of USD 19.53 - USD 21.51 for the last 24 hours.
At the time of publishing this article, the UNI value is $ 20.22.
What are the analysts saying?
Akash Girimath analyst says UNI's price has been strengthening in the last 7 days in an upward triangle. The recent X-axis break at nearly $ 21 could cause the cryptocurrency's price to rise by over 18%. If the forecast comes true, the value of Uniswap will be almost $ 25. The analyst also points out that addresses with UNI 10,000 - 100,000 UNI have been constantly reallocating or selling tokens since the end of January. Moreover, a similar trend can be seen for addresses that contain between 100,000 and 1 million UNI. According to Akash Girimath, the action of whales suggests that some high-net-worth individual (HNWI) reserve profits at current price levels.