Uniswap (UNI) Price Prediction: UNI/USDT Now Targets the $5.50 Mark

The Uniswap market is tracking the continued growth of Bitcoin’s price toward the $100K mark. Although the Uniswap market seems to be generally consolidating at the moment, there are indications that hint at a possible continuation of growth.

UNI/USDT Long-Term Trend: Bullish (Daily Chart)

Key Price Levels:

Resistance: $5.50, $6.00, $7.00

Support: $5.00, $4.50, $4.00

The Uniswap market has recorded a rebound off the lower band of the Bollinger Bands indicator. This rebound occurred within a single session and still places the price of the token below the middle band of the Bollinger Bands.