UNI Price Forms New All-Time High
Uniswap platform had amazed the entire crypto space with a massive UNI airdrop by giving away free 400 UNI tokens for the platform users. Since then, the token remained in the spotlight and gained mass attention.
Yet, the token also experienced a major plunge which dragged the price from above $8 to as low as $1.8. However, the UNI price surged slowly and steadily without experiencing an acute pullback and not only regain the lost position but also formed a new high position at $9.75.
The trading volume also soared in the recent couple of days which is one of the reasons behind the major surge of the DeFi token. The volume has swelled as high as more than $3 billion and the market capitalization also surged above $2 billion in the same time frame.
The next Set Target for UNI Price is $15?
The UNI price spiked since the early hours of trading by adding up nearly 15% of the gains, escorting the price towards new ATH. Currently, the RSI has entered slightly in the overbought position and hence a small correction may be expected.
However, the rally is expected to continue further beyond the current all-time high levels at $9.75. According to an analyst Dogecoin Lord, UNI price may hit $15 without any barrier which is set as the next target.
Interestingly, one of the users commented on his opinions that the price may not even touch $10 as the whales might cash out earlier. To which a user called UNISWAPKING calling himself as Whale replied
“I’m a Whale….and I’m not cashing out,”
The UNI price at the time of writing is $9.41 with a jump of 13.95 percent in the last 24 hours. The price is expected to smash the current ATH to hit the target initially set at $10 and rally further towards $15 as predicted by the analyst.