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Uniswap Price Gains 11.5% to $29.34 – Where to Buy UNI

Uniswap
Uniswap

The crypto market has managed to form new monthly highs. Bitcoin is fighting to hold $45K, while ETH is showing resilience to reach $3100. Similar gains have been witnessed across the entire market, and even DeFi tokens like Uniswap are on a rising streak.

Uniswap is trading at $29.34 at the time of writing after an 11.5% gain in 24 hours.

Uniswap Price Analysis

Uniswap Price Analysis Aug 10
Source: Tradingview

In the last week, the price of UNI has increased by 30%, and among the top ten cryptocurrencies, UNI’s current performance is one of the best. The DeFi token is on its way to reaching the $30 mark. If the current market bulls continue, UNI will be heading towards the next resistance at $32, which will be achieved if buying support remains strong.

On the other hand, we could also see UNI heading towards a slight decline if rejected at the $30 level. In case this happens, the DeFi token will retreat and retest the lower support of $26. At this point, UNI’s bears could be stronger if market support fails. However, if the bullish sentiment across the broader market holds, UNI could head towards a bull run past $32.

Binance, the largest global crypto exchange platform, has announced a reverse token split for the UNIDOWN trading pair. This trading pair gives users leveraged gains when the price of the underlying asset declines. The UNIDOWN pair will undergo a 100,000:1 split, while the value will increase. A statement Binance stated the move was to improve user experience.

Bitwise has also announced the creation of two funds for decentralized finance (DeFi) tokens. These funds will now be available to institutional investors, which could fuel the demand for UNI by whale traders.

Uniswap also recently introduced several new measures to ensure compliance with the ongoing crypto regulations. The exchange limited access to some tokenized stocks and derivatives, citing the evolving regulatory landscape.

Where to Buy UNI

If you want to buy UNI during the current upswing, you can create a cryptocurrency exchange account on eToro. eToro is one of the leading cryptocurrency exchanges. It gives access to a wide range of cryptocurrencies and trading pairs. eToro is also famed for charging low trading fees and having a social copy trading feature ideal for beginner traders.

Looking to buy or trade Uniswap (UNI) now? Invest at eToro!

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