Uniswap “On Steroids” Could Propel Rally to $45, Crypto Analyst Says

Uniswap (UNI) has been on an impressive rally, surging over 400% from its lowest point in 2023 and reaching a three-year high of $18.38. The decentralized exchange (DEX) leader’s price surge has analysts bullish, with some predicting that UNI could climb as high as its all-time high of nearly $45, which would represent a 135% increase from its current level.

Catalysts for Uniswap’s Price Surge

Crypto analyst Sus Ape, who shared his insights on social media, identified several factors that could propel Uniswap’s price to record levels:

• Unichain Layer-2 Network: One of the key developments driving excitement around Uniswap is the upcoming launch of Unichain. This layer-2 network will enable features such as multi-chain token spending, instant transactions, and lower transaction fees. Such advancements are expected to enhance Uniswap’s functionality and could contribute to the coin’s continued rally.
• Uniswap Router V4 Launch: Another significant event for Uniswap is the launch of its Router V4, slated to occur before the end of the year. This update will introduce several new features, including hooks, dynamic fees, and a singleton design. These upgrades are expected to improve the efficiency of the Uniswap platform and attract more users, fueling further price growth.
• Political Developments: Analysts are also factoring in the political climate in the U.S., with the election of Donald Trump and the possible appointment of Paul Atkins as the new head of the Securities and Exchange Commission (SEC). If Atkins chooses to drop charges filed under the previous SEC chair, Gary Gensler, related to the sale of unregistered securities, it could reduce regulatory pressure on the crypto market, which may positively impact Uniswap’s price.

• Rising Transaction Volume: Uniswap’s transaction volume has seen significant growth, with its weekly transactions increasing by 27%, surpassing $31 billion. This volume is more than double the transaction volume handled by Raydium, and it brings the total transaction volume for Uniswap to over $1.56 trillion. This surge in transaction activity reflects growing adoption of the Uniswap platform, which could support the coin’s price in the long term.

Uniswap Price Analysis

The technical indicators also suggest that Uniswap is in a strong bullish trend. On the daily chart, UNI has formed a cup and handle pattern, which is often seen as a continuation signal, indicating that the coin could continue rising. UNI has broken through the important resistance level at $17.05, signaling further upside potential.

Additionally, the coin has formed a golden cross pattern where the 50-day moving average crosses above the 200-day moving average, a typical bullish signal. Both the Percentage Price Oscillator (PPO) and the Relative Strength Index (RSI) are pointing upwards, showing that the coin has momentum and room to grow.

Next Potential Price Target

Based on these technical indicators, analysts have set a potential target of $30 for Uniswap in the near term. This target is derived from measuring the depth of the cup pattern and projecting that same distance upwards from the breakout point.

If Uniswap manages to move past the $30 mark and the broader cryptocurrency bull market continues, it could even approach its all-time high of $45, representing a 135% rise from its current value.

Uniswap’s price surge is supported by strong technicals, upcoming network upgrades, and favorable market conditions. With a combination of growing adoption, innovative developments like Unichain, and increasing transaction volumes, Uniswap is well-positioned to continue its rally, potentially reaching new all-time highs in the near future. If these factors align, the coin could see a 135% increase to $45, a target that is currently on the radar for bullish investors.