 Uniswap has finally broken its silence after a prolonged consolidation period as the price recently surged above crucial resistance lines. UNI witnessed a remarkable 22% rise surpassing the performance of the crypto market. While the exact reason for this surge remains unknown, analysts point towards a recent proposal from Stable Lab, a governance service provider. This proposal aims to allocate 10 million UNI from the DOW's treasury to delegates who are currently underrepresented, a move that could be influencing this uptick. For anyone considering the switch from centralized finance or CFI to decentralized finance, DEFI, here's a thought. Why do we constantly update the Uniswap price prediction? The fight is on for the survival of the Fittest Crypto Project, and we need to keep you informed despite social media maneuvers by certain quarters. The current Uniswap price stands at $6.30, having seen a trading volume of $382,388,878 in the past 24 hours, with a market capitalization of $3,715,822,175 and a market rank of $22. Following the resignation of Changping Zhao as the CEO of Binance and the appointment of Richard Tang as his successor, there's growing hype that interest in decks like Uniswap will surge. Moreover, CZ will also be spending more time in the DEFI space. This surge in interest is reflected in Uniswap protocol's impressive monthly trading volume, which has reached $14.25 billion in November so far. This figure marks the highest since June, when the protocol recorded a volume of $16.20 billion, a record that might be exceeded by month's end. Moreover, this increased bullishness for Uniswap is seen in the daily trading volume for UNI, which has hit $497 million. The recent surge in UNI's value has significantly increased its market capitalization, adding over $750 million and bringing the total to nearly $5 billion. This marks its highest point since August. However, there's a rising bearish threat as holders are increasingly selling their assets to lock gains. Into the block data, states that the net flow has turned positive and it currently trades at 207K Uniswap. While Binance continues its operations, the growth in the DEFI sector will continue. This also indicates that DEFI projects like UNI Coin could rise even further, since June, the DEFI King has been trading above the horizontal support area. During this time, the UNI price followed a declining resistance trend line and reached $6.30 for the first time in 480 days. Especially after the FTX collapse made a big impact, it is noteworthy that some new investors are directly joining the markets through decentralized structures. Uniswap is gaining more attention and it's not just a rumor. The platform, which has seen a volume of $14.20 billion so far in November, may surpass June's peak of $16.2 billion by the end of the month. Uniswap experienced a notable rise, surpassing multiple resistance marks today. However, the price is currently witnessing a surge in profit-taking activity among holders as it faces minor rejection near the high of $6.60. Uniswap price trades at $6.30, increasing over 9% from yesterday's rate. UNI price has been strongly trading above the 20-day exponential moving average, EMA, signaling a robust buying pressure from the bulls. The buyers are expected to make another attempt to breach the resistance at $6.60 and target a high of $7.80. However, the current price level is witnessing domination from bears, which might soon result in a correction below the fib channels. As a result, if the price fails to sustain above $5.50 and declines again, it would indicate that bearish forces are still influential at these higher price levels. In such a scenario, sellers might try to drive the price down further below the crucial support level of EMA-20. A breach of the $4.70 level could potentially lead to a sharp drop towards the critical $3.60 support line. The weekly relative strength index, RSI, gives a bullish outlook. With the RSI as a momentum indicator, traders can determine whether a market is overbought or oversold and decide whether to accumulate or sell an asset. Bulls have an advantage if the RSI reading is above $5.50 and the trend is upward, but if the reading is below $5.50, the opposite is true. The RSI is increasing and is above $5.50, both signs of a bullish trend. Additionally, the indicator has generated a bullish divergence, green. This occurs when a momentum increase accompanies a price decrease. It usually leads to bullish trend reversals, as was the case of UNI. The bullish trend will be confirmed by a breakout from the long-term descending resistance trend line. If that happens, the UNI price can surge by 20% and reach the $7.40 resistance area. It could potentially move above the yearly high at $7.61. Despite this bullish UNI price prediction, failure to close above the long-term descending resistance trend line can lead to a 35% drop to the closest support at $4. UNISWAP is a popular decentralized trading protocol known for its role in facilitating automated trading of decentralized finance, DeFi tokens. An example of an automated market maker, AMM, UNISWAP launched in November 2018 but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. UNISWAP aims to keep token trading automated and completely open to anyone who holds tokens while improving the efficiency of trading versus that on traditional exchanges. UNISWAP creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, UNISWAP went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future, an attractive aspect of decentralized entities. What is the future for UNISWAP? Look out for positive or negative indicators that will guide you in making informed trading decisions. Thanks for watching, see you in the next video. Don't forget to subscribe for more videos.