Uniswap (UNI) Ready for New Bull Run, Eyeing 20% Rally

• Uniswap seems to lead altcoins in the new rally as it extends its upsurges.
• UNI has maintained an upward trajectory amid the ongoing bullish run.
• Analysts trust the DeFi coin will experience a 20% price jump.

The world’s 3rd-largest DEX has seen a surge in market capitalization and platform growth. UNI appears to lead the altcoin rally, eyeing a 20% price gain. Analysts believe the alternative coin will hit its optimistic target as the broad market awaits bullish actions.

UNI Price Ready to Surge 20%

Uniswap, one of the leading decentralized exchanges globally, saw its 2021 trading volume closing at $712 billion. The crypto exchange has seen its market cap growing by almost ten times. Meanwhile, analysts have observed a surge in Uniswap’s on-chain activity.

Uniswap creator Hayden Adams remains bullish on the project, stating that the DEX’s cumulative volume will cross the $1 trillion mark with its current 1 to 2 million users.

As highlighted before, UNI is leading alts in the current bullish run, registering more than 25% gains within the past fourteen days. The decentralized exchange’s native token has seen upward moves since 1 January 2022.

IntoTheBlock, a crypto intelligence platform, noted a rally in decentralized finance blue chips such as Uniswap. According to Crypto Cap Flow stats, Uniswap futures have seen a surge in open interest, touching $102.88 million. Surging interest shows increase demand and investor attraction in Uniswap.

A crypto trader and analyst @BullishTraderss has forecasted that UNI can preserve its upward trend. That way, the coin will have its next resistance around the $23 level. The expert noted that UNI appears ready to conquer USDT and BTC pair resistances. With that, the altcoin can witness an explosive upward move. Such a case means enthusiasts can buy UNI at a discounted price as the token awaits an uptrend.

FXStreet experts have analyzed UNI price movements and forecasted that the token could see an upside move to $60. The altcoin needs to retain its current upward momentum to realize the uptrends. However, Uniswap’s road with fewer hurdles is the upward one.

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