2024-12-22 16:00

Looking at UNI’s price and market trends, crypto analyst Algreed thinks it could perform better than Bitcoin and other cryptocurrencies in 2025. He shared his thoughts on X, pointing to an analysis of UNI/BTC charts and market cap data. The upcoming developments with Uniswap and Unichain could also help drive this growth.

Market Cap Chart Shows Breakout After Prolonged Consolidation

The UNI market cap chart reflects a three-year period of sideways trading within a defined range, which indicates prolonged accumulation. Recently, the chart recorded a breakout above the $8 billion market cap level, marking a potential shift into a bullish phase.

Key resistance levels are identified at $15.59 billion and $25.19 billion, with the former aligning with previous highs and the latter representing an all-time high from 2021. On the support side, the $8.12 billion zone serves as the immediate base, complemented by strong support near $8 billion, where the breakout occurred.

This breakout suggests that UNI’s price might enter a new growth cycle, with opportunities for accumulation during pullbacks to the support zone. Breaking above $15.59 billion could pave the way for testing the $25 billion level in the future.

Image Source: X/Algreed

Looking at UNI/BTC, prices have been dropping since 2021, following a clear downward line. But recently, prices broke through this line – which might mean things are starting to turn around.

The price movement formed what looks like a bowl shape at the bottom, and this usually means the trend could flip. Right now, 0.0001398 BTC acts as a floor for the price. If it moves up, it needs to break through 0.0002488 BTC, and then 0.0003926 BTC. Beyond that, there’s a tough spot between 0.0005-0.00075 BTC where prices struggled to push through before.

Image Source: X/Algreed Analyst Highlights Catalysts for UNI’s Growth

The tweet by Algreed emphasizes the role of upcoming catalysts in driving UNI’s performance. The analyst mentions the potential impact of developments from Uniswap and Unichain, which could sustain the bullish momentum. While the technical analysis already points to a promising outlook, these catalysts could provide the fundamental support needed for UNI’s price to outperform other digital assets in 2025.

The alignment of technical indicators and fundamental prospects places UNI as a token to watch in the upcoming year.

Read Also: Here’s Why Hedera (HBAR) Price Is Poised for an Explosive Move Soon—Analysts

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The post This Analyst Predicts Uniswap (UNI) Will Outperform All Altcoins and Bitcoin in 2025 – Here’s Why appeared first on CaptainAltcoin.

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