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Uniswap's L2 Transaction Volume Hits $200B ATH, UNI Price ReactsUniswap's Layer-2 (L2) ecosystem has achieved a monumental milestone, with its transaction volume surging to an all-time high of $200 billion in February 2024. This remarkable feat underscores Uniswap's pivotal role in revolutionizing decentralized exchanges and automated market makers. Uniswap's L2 Transaction Volume Hits Historical High: Data from crypto analytics platform Dune has confirmed the unprecedented success of Uniswap's L2 ecosystem, encompassing platforms such as Arbitrum, Polygon, Optimism, and Base. The cumulative transaction volume has skyrocketed to an astounding $208.11 billion, marking a staggering 280% increase compared to the previous year. The surge in transaction volume has elicited a positive response from the crypto community, particularly towards Uniswap's native token, $UNI. The announcement of a proposal by the Uniswap Foundation aimed at upgrading protocol governance, coupled with the redistribution of protocol fees to CRYPTOCAP:UNI token holders, has catalyzed a 15% increase in the value of $UNI. However, despite a temporary slowdown, UNI continues to demonstrate resilience, trading at $12.22 with a 5% increase within the past 24 hours. UNI's Multiple Milestones: The exponential growth in Uniswap's transaction volume signifies the robust performance of its decentralized exchange ecosystem. Anticipation mounts for the launch of Uniswap V4, the exchange's forthcoming non-custodial, non-upgradeable, and permissionless automated market maker protocol, slated for release by Q3 of this year. Furthermore, the unveiling of Uniswap V4 has fueled additional excitement within the crypto community, propelling CRYPTOCAP:UNI 's price to new heights. The recent surge in CRYPTOCAP:UNI 's value, including an outstanding gain of 70% on February 23, can be attributed to the decentralized exchange's strategic changes in fee mechanisms, benefitting UNI token stakers. CRYPTOCAP:UNI 's meteoric rise not only signifies a paradigm shift in the DeFi sector but also underscores Uniswap's pivotal role in shaping the future of decentralized finance. As attention shifts from traditional financial paradigms to DeFi innovations, UNI emerges as a beacon of transformative potential, leading the charge towards a more inclusive and decentralized financial ecosystem. In conclusion, Uniswap's soaring success, marked by its monumental transaction volume and UNI's price reactions, reaffirms its status as a trailblazer in the ever-evolving landscape of decentralized finance. As Uniswap continues to push the boundaries of innovation and adoption, the possibilities for decentralized finance are limitless, heralding a new era of financial empowerment and autonomy.
COINBASE:UNIUSDLong
by DEXWireNews
Uniswap (UNI) Rally Faces Uncertainty Amid Team Selloff Uniswap ( CRYPTOCAP:UNI ), the decentralized exchange (DEX) protocol darling of the DeFi world, has been on a rollercoaster ride lately, with its price soaring by a staggering 76% in recent weeks. However, the excitement surrounding CRYPTOCAP:UNI 's meteoric rise is now met with caution as reports suggest a potential selloff by the Uniswap team, signaling a possible end to the mega rally. Team Selloff Dampens Sentiment: Analytics firm Lookonchain (x.com) revealed that a Uniswap team wallet recently offloaded 90,000 CRYPTOCAP:UNI tokens, worth approximately $1.03 million, amidst the token's impressive rally. This move follows a period of significant accumulation, where the wallet amassed millions of CRYPTOCAP:UNI tokens, hinting at a potential shift in strategy or profit-taking. Ripple Effect on DeFi Ecosystem: CRYPTOCAP:UNI 's rally has reverberated across the decentralized finance (DeFi) landscape, sparking a broader surge in DeFi protocols like Compound (COMP), SushiSwap (SUSHI), and Aave (AAVE). The heightened trading volumes and price increases observed across these platforms underscore the interconnected nature of the DeFi ecosystem and its sensitivity to UNI's performance. The Road Ahead: While CRYPTOCAP:UNI 's rally has fueled optimism within the DeFi community, the recent team selloff introduces an element of uncertainty. Traders and investors are now left speculating about the future trajectory of CRYPTOCAP:UNI and whether a correction is imminent. With the looming specter of profit-taking, the market braces for potential volatility in the near term.
COINBASE:UNIUSDShort
by DEXWireNews
Uniswap (UNI) Surges Over 53% on Staking Rewards ProposalThe Uniswap Foundation has submitted a significant proposal for improving Uniswap’s community governance. This act has quickly influenced the market, thus causing a substantial increase in the value of CRYPTOCAP:UNI tokens. The initiative by the foundation aims to change the fee mechanism to benefit those who stake and delegate their CRYPTOCAP:UNI tokens. As a result, CRYPTOCAP:UNI price has soared and is up by more than 53%. Proposal to Revitalize Governance This campaign’s core is the need to freshen the governance architecture in the Uniswap ecosystem. The suggested modifications facilitate a better involved, reasoned, and dynamic role in delegation processes. Through the association of delegation with protocol fees, the Uniswap Foundation seeks for CRYPTOCAP:UNI token holders to choose delegates wisely. The selection criteria would be performance-based, focusing on delegates’ contribution towards the growth and general success of the protocol. This model is predicted to build a more viable and active governance setting, somewhat altering the delegation pattern and engagement among new delegators. Uniswap Market Response and Forthcoming Votes The proposal’s announcement has already created commotion in the cryptocurrency market, and the price of UNI has dramatically skyrocketed. Initially valued at $7.11, the token’s price skyrocketed to $11.09 in less than a short term, which meant an increase of over 53%. This reflects the market’s favorable response to the proposed governance improvements. The proposal will be put through a snapshot vote on March 1 and then an on-chain vote on March 8. The vote stages are the fundamental phases of realizing the proposed changes. Enhancements and Innovations Aside from the governance proposal, Uniswap ( CRYPTOCAP:UNI ) has introduced ‘uni.eth’ subdomains, which exploit the Ethereum Name Service infrastructure. The innovation simplifies the user experience by turning the Ethereum addresses that are hard to comprehend into names that are easy to read, thus making the platform more user-friendly. This development and the idea to reward staking and delegating still represent Uniswap’s desire to continue to develop its ecosystem to better its users. Additionally, the hype related to the upgrade of Uniswap v4 is another important factor contributing to the growth of the market performance of UNI. These expectations and the governance amendments will set Uniswap ( CRYPTOCAP:UNI ) for substantial growth and advancement.
COINBASE:UNIUSDLong
by DEXWireNews
UNI → Continuing in the Trading Range! Short Here? Or Long Soon?Uniswap has failed to break out of the 19th-month trading range between $4.00 and $7.30 on four occasions. Should we continue to look for a short entry? How do we trade this?  🤔 My previous Uniswap analysis showed a couple of good short entries just before and just after the price attempted to break the trading range resistance. Since then the price has fallen to the 30EMA and stagnated. We're currently in a situation where the proper distance to a stop loss is just above the previous high above the trading range resistance. We're also sitting on the Weekly 30EMA support and are lacking a sell signal. Until we have a re-test and failure of the trading range resistance with a strong sell signal, it's best to wait on the sidelines. Even then, we should remain cautious in what will likely become a strong crypto market bull run this year into next year, so I only advocate for a 1:1 Risk/Reward scalp. 💡  Trade Idea  💡 Short Entry: $6.85 🟥 Stop Loss: $8.55 ✅ Take Profit: $5.150 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. UNI has yet to break out of the 18-month trading range. 2. Finding some support at Weekly 30EMA. 3. Wait for the price to get closer to trading range resistance. 4. Short scalp position is reasonable taking profit just below the Weekly 30EMA 5. RSI at 53.00, just below the Moving Average, supports pullback, then fall. 💰  Trading Tip  💰 Trading Ranges are two-legged traps for both bulls and bears. When the price rises toward the trading range resistance in two legs, the bulls expect more but don't get it and drive the price down when their trades are exited. The same goes for the bears in the opposite direction. The probability of profit is higher when longing the bottom of a trading range and shorting the top. In the case of this Uniswap chart, this trading range started after a long bear run, so it's reasonable to have a bear bias and short the trading range until its broken successfully. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
COINBASE:UNIUSDShort
by TraderEngineering
1
UNIUSD vs ETHUSD Price Relationship: Long PositionUniswap's price is closely related to Ethereums price, but UNIUSD often has a slight lag in price changes in relation to ETHUSD. Recently ETH has made big gains on the 1D chart reaching previous high levels with indicators showing signs of being overbought; whereas UNIUSD, although making gains recently, is still showing signs of being oversold on the 1D timeframe with the potential for big profit with a well timed long position. If UNIUSD were to reach previous high levels conservative targets would be ~$37.
BINANCE:UNIUSDLong
by BertieLeonard
3
Could Uniswap ($UNI) Resume its Bullish Streak? The BME:UNI chart closely mirrors that of CRYPTOCAP:BTC due to their high correlation. BME:UNI is currently hovering near the support zone of $5.50–$5.71, which it has been testing for the fourth time in the past month. This consistency from sellers might lead to a breakthrough of this level. However, if Bitcoin steadies, BME:UNI could resume its upward trajectory. For this to happen, buyers need to overcome the resistance at $6.02 and establish a foothold above the sell zone of $6.32–$6.64. Such a turn of events would pave the way to new highs and a movement toward the $6.98 and $7.16–$7.5 range. Should CRYPTOCAP:BTC continue its downward correction, BME:UNI might drop to a new local low within the $5.00–$5.25 range.
COINBASE:UNIUSDShort
by DEXWireNews
UNISWAP → Failed to Break Out of Trading Range! Short Again!?Uniswap failed for the 4th time in 19 months to break out of the Trading Range between $4.00 and $7.30. Are we primed for yet another short? How do we trade this? 🤔 If you followed my last Uniswap analysis, there was a great 1:2 Risk/Reward short opportunity on the Daily chart: The initial chart failed to play out and was premature to the rip just above the trading range resistance at $7.30. The price soared to $8.25 then fell back into the range for another failed breakout. The trade from that failed breakout was a success! Now that we're back in the range, we need to wait for another sell opportunity to enter our short position. Zooming into the Daily candles, we need the price to pull back toward the trading range high around $6.90 and have another strong bear candle present itself: We also need to ensure that the RSI stays above 50.00 and ends up below the moving average, giving us proper support of the price action analysis to enter our short trade. Until then, it's best to wait on the sidelines for that setup. 💡 Trade Idea 💡 Short Entry: $6.85 🟥 Stop Loss: $8.55 ✅ Take Profit: $5.150 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Failed to Break out of Trading Range 2. Strong Bull Bar Closing Near its Low 3. Found Some Support at 30EMA 4. RSI at 54.00 on Moving Average 5. Watch Bitcoins Price Movements at $46,000. 💰 Trading Tip 💰 Trading Ranges are two-legged traps for both bulls and bears. When the price rises toward the trading range resistance in two legs, the bulls expect more but don't get it and drive the price down when their trades are exited. The same goes for the bears in the opposite direction. The probability of profit is higher when longing the bottom of a trading range and shorting the top. In the case of this Uniswap chart, this trading range started after a long bear run, so it's reasonable to have a bear bias and short the trading range until its broken successfully. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
COINBASE:UNIUSDShort
by TraderEngineering
UNISWAP → Dropping to $4.80? Let's Maximize Your Profits!Uniswap has had two major sell signals followed by a drop below the Daily 30EMA. We're now staring at the 200EMA and the $4.83 support, should we short here? How do we trade this? 🤔 It's reasonable to short in this area o the 4HR or Daily chart. Use a small position size since we're a ways into the fall from the high, set a stop loss above the 30EMA and go for a 1:2 Risk/Reward Ratio down to the $5.20 area. The price action is currently playing out a kings crown pattern; a massive bull candle, rough head and shoulders top, and a a massive bear candle retesting the support the bull candle started on. 💡 Trade Ideas 💡 Short Entry: $5.80 🟥 Stop Loss: $6.10 ✅ Take Profit: $5.20 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Fell out of Bull Channel, Trend Reversed. 2. Fell below Daily 30EMA. 3. Gap to 200EMA and opening of Large Bull Bar. 4. RSI at 46.00 and below Moving Average, Bias to Short. 5. Watch for Bitcoin Trend Change at $46,000. 💰 Trading Tip 💰 The 30EMA and 200EMA ribbons are reliable support and resistance levels. They will often line up between timeframes. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
COINBASE:UNIUSDShort
by TraderEngineering
6
Uniswap Analysis: A Strong Case for Buyers as Token Aims for $10 Uniswap ( BME:UNI ), the native cryptocurrency of the decentralized trading protocol Uniswap, is currently showing strong signs of a bullish breakout, with the potential for a 50% rally to $10-$11. Price Momentum and Technical Analysis: Over the past week, BME:UNI has witnessed a remarkable 25% gain, currently trading at $7.604 with a market cap of $4.6 billion. BME:UNI successfully turned a crucial supply barrier at $7.23 into a support level, with over 20 million BME:UNI held across 3,500 addresses. This shift in support suggests a bullish move, potentially reaching the $10 target. From a technical perspective, Uniswap is navigating a trading range with a support level of $4.364 and a resistance level of $8.445. The 10-day Simple Moving Average (SMA) stands at $6.7, signaling a bullish trajectory. A successful breach of the $8.445 resistance could propel ( BME:UNI ) towards the next target at $11.283. Key Developments and Growth Beyond price movements, Uniswap has demonstrated substantial growth and development. The decentralized exchange has expanded its user support by integrating new features and extending its reach into the Bitcoin ecosystem. Uniswap's presence on Rootstock, a sidechain connected to the world's largest blockchain network, provides users with advanced functionalities for seamless trading. Additionally, Uniswap Labs has introduced a new Android mobile wallet app, enhancing accessibility to the decentralized finance (DeFi) realm. This move follows the successful closed beta of the Android app in October and the iOS version introduced in April. Uniswap's commitment to user expansion and innovation is evident in these strategic initiatives. Investment Opportunity and Conclusion Considering the positive technical indicators, successful support level transformation, and the continuous expansion of Uniswap's ecosystem, the current trajectory of UNI reflects not only numerical dynamics but also growing interest and confidence in decentralized finance. For potential buyers, this presents a compelling investment opportunity. As the market sentiment remains positive and technological advancements continue through recent partnerships, there is a potential for UNI to rally further. However, buyers should stay vigilant and monitor market conditions. A breach of resistance at $8.445 could trigger a move towards $10, and ultimately $11.283, while a break below the support at $4.364 may lead to a correction. Uniswap's ( BME:UNI ) current position in the market, coupled with its strategic growth initiatives, makes it an intriguing choice for buyers seeking exposure to the decentralized finance sector.
COINBASE:UNIUSD
by DEXWireNews
Uniswap (UNI) Has Shown Minimal Growth During December 2023, the UNI token has shown minimal growth. Despite reaching a yearly high of $7.07, UNI's market behavior largely reflects Bitcoin's trends. The asset is currently fluctuating within a sideways range, with support at $5.9 and resistance at $6.4. If buyers maintain momentum, Uniswap's price could potentially retest the resistance zone of $6.70-$7.07 and aim for a new high. However, future movements will hinge on Bitcoin's trajectory. A deeper correction could see UNI drop to buying zones at $5.27-$5.62, $4.63-$5.00, and down to $4.45, creating opportunities for accumulating long positions in anticipation of a possible upswing.
COINBASE:UNIUSDLong
by DEXWireNews
UNISWAP → Falling out of Bull Channel to $4.80? Let's Answer.Uniswap has fallen out of its Bull Channel and is surfing on the Daily 30EMA! After Bitcoins harsh selloff at resistance, is Uniswap and the entire crypto market about to reverse to previous lows? How do we trade this? 🤔 Uniswap price action is currently going sideways in a trading range, a typical signal when a Bull Channel has come to an end. What we need now is a sell signal to confirm the price is going down and we need to look for it at the Left Shoulder high price of $6.86. If we get a strong sell signal bar and confirmation closing on or near their lows at that price, then we will have a Head and Shoulders reversal pattern playing out, giving us the necessary justification to short. Keep an eye on Bitcoins behavior as well to see if the general market sentiment is shifting. My latest analysis on Bitcoins future here: 💡 Trade Idea 💡 Short Entry: $6.27 🟥 Stop Loss: $6.89 ✅ Take Profit: $5.03 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Fell out of Bull Channel, Trend Changing. 2. May bounce off of 30EMA and attempt Left Shoulder Price. 3. Look for potential Head and Shoulders Reversal Pattern. 4. RSI at 50.00 and below Moving Average, Bias to Short. 5. Reasonable to Short if Sell Confirmation on Right Shoulder. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
COINBASE:UNIUSDShort
by TraderEngineering