In a recent update shared by Crypto Man MAB on X, UNI’s price action has taken a bullish turn. The token is currently trading at $8.403, up 1.82% (+$0.150), and has managed to break past the previous resistance range of $ 7.50–$ 8.00. This upward movement signals growing buying interest, and that momentum could be building for a stronger push ahead. Key Support And Resistance Levels Define UNI’s Next Move In his analysis, Crypto Man MAB highlighted UNI’s evolving price structure, pointing to key support and resistance levels. The immediate support is seen around $7.103, which marks the 24-hour low. If UNI pulls back further, stronger support may be found near $6.500, a level that has previously attracted buying interest and could act as a safety net for bulls. Related Reading: Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support On the upside, resistance stands near $8.677, the recent 24-hour high. This zone is currently capping the rally, but if buying momentum persists, UNI could target the $9.0 mark next. While this level presents a psychological barrier, it also aligns with short-term bullish projections, adding more weight to its significance. In terms of market activity, Crypto Man MAB noted a notable increase in trading volume, which aligns with UNI’s recent price surge. This volume spike suggests that buyers are stepping in with strong conviction, reinforcing the strength behind the upward movement. A sustained high volume typically validates price action, which supports the argument for a potential rally continuation, provided the momentum holds and no major resistance halts the trend. Breakout Signals Strength, But Long-Term Caution Lingers According to the analyst, the UNI chart shows a shift from a period of consolidation into a noticeable upward breakout. The recent dominance of green candlesticks points to growing bullish moves and renewed buying pressure in the short term. Related Reading: Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight However, the longer-term trend suggests a more cautious outlook. Over the last 180 days, UNI has declined by 53.31%, and its one-year performance shows a decrease of 18.98%, indicating that the asset has been in an overall downtrend despite recent gains. Presently, the Simple Moving Average (SMA) is demonstrating increased trading activity, which aligns with the positive price movement and supports the current bullish sentiment. This rise in volume may strengthen the case for a possible continuation of the ongoing upward trend, but traders should remain alert to any shifts in momentum. In conclusion, Crypto Man MAB noted that UNI is showing short-term upward strength, but the broader trend remains uncertain. However, a clear breakout above the $8.677 resistance level would be a strong signal for continued upside. Featured image from Medium, chart from Tradingview.com
In a fresh post shared on X, crypto analyst First1Bitcoin drew attention to Uniswap’s (UNI) recent market behavior, noting that the token appears to be gaining strength following an extended period of sideways movement. According to the analyst, this prolonged accumulation phase may be setting the stage for a significant breakout. The chart, as highlighted in the post, is beginning to show encouraging signs of bullish pressure. With price tightening near key resistance levels, the conditions appear ripe for a potential upward surge, provided that buying momentum continues to build. Key Technical Levels In Sight As Uniswap Gathers Strength First1Bitcoin highlighted several critical technical levels that could shape Uniswap’s next major move. He noted that the current price of UNI moved back $6.83, reflecting a market that’s gradually gathering momentum after a prolonged period of consolidation. Related Reading: Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support The analyst placed strong emphasis on two critical price levels that could shape UNI’s trajectory in the coming weeks. The first breakout target is set at $12, a level that stands as both a psychological barrier and a technical milestone. If Uniswap breaks above this zone, it could ignite fresh bullish sentiment and potentially mark the beginning of a sustained upward move. However, the real test comes at the $15 – $16 resistance zone, which the analyst described as a major obstacle. A move into this region could trigger heightened volatility, as many traders may look to secure profits while others gauge the strength of buyer conviction. Importantly, Uniswap remains below its long-term downtrend line, which has acted as a ceiling for upward movement over the past several months. A breakout above that trendline could change the game entirely, opening the door for a much larger rally. Momentum Builds On A Firm Foundation In his concluding statement, the analyst emphasized growing optimism surrounding UNI’s price action. He noted that the accumulation base, where buyers have been steadily building positions, continues to hold firm, acting as a solid foundation for potential upside movement. This resilience suggests that sellers are losing control, and the market may be primed for a bullish shift. Related Reading: Uniswap (UNI) In Trouble? Price Crash Below $6.7 Signals Bigger Problems He further highlighted early signs of bullish momentum, with improving technical indicators and price stability suggesting increasing buying interest. This momentum, combined with the prolonged consolidation phase, often precedes a significant breakout. “Watch this zone closely,” the analyst advised, hinting that UNI could be on the verge of a strong rally. If the token maintains its current support and gains upward traction, it may break through key resistance levels and initiate a meaningful uptrend in the sessions ahead. Featured image from Pngtree, chart from Tradingview.com
Uniswap (UNI) is showing signs of a powerful resurgence as it firmly holds the $4.60 support level, a critical zone that could ignite the next major rally. After weathering recent market turbulence, UNI’s price action is now flashing bullish signals, suggesting that the asset may be gearing up for a significant upward move. The recent bounce from support, coupled with improving momentum indicators, suggests that bulls are quietly reclaiming territory. However, confirmation is still needed to solidify the reversal narrative. Critical resistance zones lie ahead, and how UNI reacts around these levels will determine whether this move has real staying power or fades as another false start. The Bullish Reversal Setup: Why UNI’s Price Action Matters Now UNI’s recent price behavior can be traced to a classic bullish reversal setup forming on the daily chart. Uniswap has broken out of a falling wedge pattern, a formation typically seen as a precursor to trend reversals. This breakout came after a decisive retest of the $4.6 level. Related Reading: Uniswap (UNI) In Trouble? Price Crash Below $6.7 Signals Bigger Problems What makes this setup particularly compelling is the combination of the falling wedge breakout and UNI’s successful rebound from $4.6. This confluence of bullish signals implies that the bears may be losing grip, while bulls are regaining confidence. If the token continues to build on this momentum, it could pave the way for a larger upward move, confirming the trend reversal. Technical indicators are starting to confirm the bullish narrative. One of the key signals comes from the Relative Strength Index (RSI), which has rebounded from oversold territory and is now pushing upward, reflecting renewed buying interest and growing momentum. A continued rise in RSI above the midline (50) would further support the case for a trend reversal. Additionally, trading volume is beginning to show signs of recovery, with an increase of over 26%. The rising volume during this rebound suggests that the move is supported by genuine market participation. If volume continues to build alongside upward price movement, it could fuel Uniswap to challenge and break through key resistance levels in the coming sessions. Where Could UNI Go Next? With Uniswap now staging a notable recovery and forming a reversal pattern, traders are now turning their attention to the breakout scenario and where it could lead. After retesting the $4.6 support level and bouncing above the falling wedge with renewed strength, UNI appears to be building upward momentum. If the price sustains its bullishness, it might pave the way for a swift move higher. Related Reading: UNI Price Recovery Gains Traction – Will It Smash Through Resistance? From a technical standpoint, the next upside targets lie around $5.5 and $6.7, where previous breakdowns occurred and volume peaks exist. A sustained move beyond those levels could even open the door for a test of the $8.7 mark in the medium term. Overall, if volume supports the push, it increases the potential to set off a larger rally. Featured image from Adobe Stock, chart from Tradingview.com
Uniswap (UNI) has slipped below the crucial $6.7 support level, raising concerns about a potential extended downturn. This breakdown comes amid increasing selling pressure, signaling that the bulls may be losing their grip on the market. With volatility rising and market uncertainty growing, the next few trading sessions will be crucial in determining whether UNI can bounce back or if a prolonged downtrend is on the horizon. Will the bulls reclaim lost ground, or is UNI heading for even lower levels? Price Action and Technical Indicators Flash Warning Signs UNI’s price action is showing clear signs of weakness as the token struggles to regain momentum after breaking below the $6.7 support level. The recent downturn has intensified bearish sentiment, with sellers dominating the market and pushing UNI toward lower support levels. If buying pressure doesn’t return soon, further losses could be imminent. Related Reading: Uniswap Bleeds 20%—Is This Whale Behind The Drop? The asset has dropped below its 100-day Simple Moving Average (SMA), a key long-term support level. This breakdown suggests a potential shift toward a broader downtrend, especially if UNI fails to reclaim this level quickly. A prolonged stay below the 100-day SMA could reinforce seller dominance, increasing the risk of further declines. Meanwhile, the MACD has flipped bearish, with the signal line crossing below the MACD line, a classic indication that sellers are gaining strength. Additionally, Uniswap trading volume has declined, suggesting a lack of strong bullish participation to counteract the selloff. For Uniswap to regain strength, buyers must push the price back above $6.7 with strong volume, invalidating the breakdown. Until then, the risk of more downside toward $5.5 and $4.8 remains high. Can Uniswap Reclaim $6.7 and Reverse Course? Uniswap is at a critical inflection point after its recent breakdown below $6.70. As UNI struggles to regain momentum, traders and investors are left wondering whether this drop is just a temporary setback or the start of a deeper correction. Related Reading: Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight While bears have dominated recent price action, the market questions whether UNI can fight its way back above this key level or if the resistance will hold. If UNI manages to break and hold above $6.7 with robust buying volume, it could indicate that bullish momentum is returning, invalidating recent bearish pressure and signaling a potential trend reversal. A decisive breakout above this level would restore investor confidence and also attract more buyers, leading to an extended rally. Should this scenario unfold, UNI might gain traction toward $8.7, with a sustained push driving the price to $10.3 and beyond in the coming weeks. Featured image from Vectorstock, chart from Tradingview.com
Uniswap price is gaining traction as it rebounds from the $6.7 level, sparking renewed optimism among traders. After a period of consolidation, bulls are strongly attempting to reclaim control, aiming for a breakout beyond key resistance levels. However, the road ahead is not without obstacles. A critical resistance zone looms, and whether UNI can push past it or face another pullback remains the big question. Market sentiment is shifting as buying pressure increases, but the presence of strong resistance could determine the next phase of price action. If UNI breaks through, it could open the doors for a sustained rally, while failure to do so might lead to another retest of lower levels. Price Targets: How High Can Uniswap Go? Uniswap’s recent recovery from $6.7 has sparked bullish optimism, but how far can the price climb if it successfully breaks through resistance? The first key target lies at $8.7, a crucial resistance level that has previously acted as support and rejection. A decisive move above this zone could pave the way for $10.3, a level that may determine whether UNI can sustain further upside. Related Reading: Uniswap Price Surges Past $10 — Bullish Pattern Suggests Further 30% Gain If buying momentum remains strong, the next major hurdle is around $12.3, a psychological barrier and a key resistance from past price action. Beyond this level, the rally is expected to extend, potentially opening the door for $15.7 and beyond. However, UNI’s ability to reach these targets depends on broader market conditions, trading volume, and bulls countering selling pressure. A rejection at resistance might lead to a retest of lower levels, making it crucial for traders to monitor price action closely. Lastly, the Relative Strength Index (RSI) formation indicates that UNI still has more room for upward movement, as the RSI line has risen above the 50% threshold. This suggests that buying momentum is increasing, signaling a possible continuation of the bullish trend. Support Zones To Watch If UNI Faces A Pullback Several key supports may prevent UNI’s struggles to maintain its bullish momentum against further decline. The first major support level is around $6.7, which recently acted as a strong demand zone. A bounce from this level could indicate that buyers are still in control, keeping the uptrend intact. Related Reading: Uniswap Aims For Recovery – Bulls Take A Stand At $12.3 Support Should selling pressure intensify, UNI might drop toward the $5.5 range, a key area where buyers have previously stepped in to defend against more drops. Furthermore, a breakdown below this zone might shift sentiment to bearish, exposing UNI to a potential drop toward $4.8, a level where the token may stabilize or extend its losses. Featured image from Adobe Stock, chart from Tradingview.com
The attempt of Uniswap to break past the critical $12.3 resistance has fallen short, giving bears the upper hand and triggering a fresh decline. Despite bullish efforts to push higher, selling pressure at this key level proved too strong, forcing UNI into a downward move. This failure to sustain gains above $12.3 has raised concerns about a potential deeper retracement, as sellers look to capitalize on the weakness. With bearish pressure mounting, UNI’s price action suggests that bulls may need to regroup before attempting another breakout. Will the token find support and recover, or is a deeper decline on the horizon? Why Bulls Failed To Break $12.3: Market Sentiment Explained Uniswap’s failure to break past the $12.3 resistance level highlights a shift in market sentiment, where bearish pressure outweighed bullish momentum. Despite multiple attempts by buyers to push higher, the resistance proved too strong, leading to increased selling activity. This suggests that traders saw $12.3 as a key take-profit zone, reducing upward strength and allowing bears to regain control. Related Reading: Uniswap Stays On Course For More Gains – $12.3 Resistance In Sight Another factor contributing to the rejection is overall market uncertainty. If broader crypto market conditions remain weak or investors hesitate to commit to higher price levels, bullish breakouts become harder to sustain. Uniswap trading below the 100-day Simple Moving Average (SMA) combined with a weakening RSI indicates significant bearish pressure. The 100-day SMA, often seen as a key indicator of the longer-term trend, suggests that the market sentiment is tilted toward selling. Additionally, the ongoing decline in the RSI indicates that selling pressure is growing stronger. As the indicator drops below the 50% level and moves closer to the oversold zone, it implies that bearish movement is picking up pace. For Uniswap to regain strength, buyers must reclaim momentum and establish strong support to fuel another breakout attempt. Until then, market sentiment leans bearish, keeping the risk of further downside in play. Key Support Levels To Watch As Uniswap Slides As Uniswap slides lower, key support levels will be crucial in determining whether the price can stabilize or if more declines are likely. The first notable support lies around $10.3, which has historically acted as a base for price action. If UNI fails to hold this level, the next area of support to watch is around $8.7, where the price could find more significant buying interest. Related Reading: Uniswap Consolidates At $17: A Calm Before The Bullish Storm? Should both levels be breached, UNI might face deeper declines, with $6.7 as the next key support level. These support zones will be key indicators for traders looking to determine whether the price can stabilize or if the bearish momentum will continue to drive UNI lower. Featured image from Adobe Stock, chart from Tradingview.com
Uniswap remains on a steady upward path as bullish momentum fuels its push toward the $12.3 mark. After a successful rebound at the $10.3 support level, UNI has shown resilience, with buyers stepping in to sustain the rally. The strong price action reflects growing investor confidence, supported by rising trading volume and favorable technical indicators. As bulls maintain control, Uniswap’s ability to hold above crucial support zones will be key to extending its gains. A successful move toward $12.3 could reinforce the uptrend, setting the stage for even higher targets if buying pressure continues to build. UNI’s Price Momentum And Its Path To $12.3 Resistance Level Evaluating UNI’s price momentum, further gains seem likely, especially following the strong rebound at the $10.3 support level. After a brief pullback, Uniswap found stability at $10.3, which has since acted as a solid base for a renewed upward movement. Related Reading: Uniswap Aims For Recovery – Bulls Take A Stand At $12.3 Support This rebound signals the resilience of the bulls and reinforces the overall bullish trend. Significantly, the swift recovery above $10.3 reflects robust demand, indicating investors’ optimism about Uniswap’s future performance. From a technical perspective, key indicators align with the bullish outlook. The price is heading toward the key 100-day Simple moving averages (SMA), suggesting continued upward pressure. In addition, the RSI has moved out of oversold territory, signaling that buying momentum is building. Trading volume has also experienced an increase of over 25% in the last 24 hours, further confirming that market participants are backing the move higher. These factors combined create a positive environment for Uniswap to extend its rally. What’s Next For Uniswap If $12.3 Is Reached? Reaching $12.3 would be a significant milestone for Uniswap, with aims to break through from resistance. This would likely attract more buying interest, strengthening the ongoing bullish momentum. A sustained move above $12.3 might drive the price toward even higher levels. UNI would enter new territory, increasing the potential for continued gains. Overall, this move could solidify Uniswap’s bullish outlook in the market. Related Reading: Uniswap Bulls Set Sights On $16.9 Resistance As Uptrend Extends Once $12.3 is breached, the next immediate resistance levels could be around the $15.7 and $17 zones, depending on market conditions and buying interest. If the price maintains upward pressure, it will trigger the continuation of the rally. Holding above the $12.3 level is crucial for UNI to prevent a pullback. However, should the price fail to maintain this level, a retracement to nearby support zones like $10.3 would occur. In this scenario, defending these support levels will be essential for the bulls to regroup and aim for a renewed push toward higher levels. Featured image from Medium, chart from Tradingview.com
Uniswap is making a determined effort to bounce back, with bulls stepping up to defend the crucial $12.3 support level. This price point has become a pivotal battleground since it could pave the way for a potential recovery or signal further bearish momentum. The recent price action highlights growing buyer interest at this level, suggesting that market sentiment may be tilting cautiously in favor of the bulls. If the bulls succeed in maintaining this support, UNI could gain the momentum needed to test higher resistance levels, potentially setting the stage for a broader upward move. The coming sessions will be pivotal in shaping Uniswap’s trajectory as traders closely monitor this key level. Price Action And Technical Indicators Highlight Rebound Potential Uniswap’s price action at the $12.3 support level is gaining significant attention from traders and market analysts as it approaches a crucial technical juncture. The $12.3 mark has held as support in recent price cycles, and its ability to continue doing so will be key to determining whether the bulls can regain control. Related Reading: Uniswap Consolidates At $17: A Calm Before The Bullish Storm? Currently, UNI is moving toward the 100-day Simple Moving Average (SMA), a widely followed indicator that tends to act as both support and resistance during trend transitions. Adding to the positive outlook, the Composite Trend Oscillator’s recent move toward oversold territory signals a possible market correction or reversal. As the indicator shows signs of improvement, it suggests that negative strength may be weakening, allowing buying pressure to take over. A rise from oversold levels would indicate a shift toward a more favorable market for buyers, reinforcing the likelihood of a price rebound. Collectively, the 100-day SMA and the Composite Trend Oscillator provide a strong technical case for recovery at the $12.3 level. However, this bullish outlook is contingent on the ability of the price to move above the 100-day SMA and for the RSI to continue showing signs of strength. Market Momentum Shifts: Will Uniswap Bulls Prevail? Market momentum for Uniswap is showing early signs of a shift, with recent price action showing that bulls may be regaining control. If the bulls can sustain this strength, UNI’s price could break above the 4-hour SMA, which would cause a rally toward the $15.7 resistance level and beyond. Related Reading: Uniswap Processes Over $2 Trillion On Ethereum: UNI Bull Run Inevitable? However, the market remains cautious as failing to defend the $12.3 level hints at increased selling pressure, pushing prices lower toward the $10 support mark. Furthermore, a decisive break below this key level might trigger further losses, bringing additional support levels into focus as the bearish momentum continues. Featured image from Uniswap, chart from Tradingview.com
Uniswap (UNI) is holding steady above the $17 mark, following a successful break above this level. With the bulls maintaining their grip on this critical support level, speculation is rising about whether this could be the calm before a bullish storm. As market sentiment remains optimistic, this analysis examines UNI’s current price action by evaluating technical indicators to determine if it can gather enough momentum for a breakout rally. Could this period of stabilization set the stage for further upside? Let’s explore the technical setup and market dynamics that are shaping this crucial moment for Uniswap. Analyzing Uniswap Consolidation Phase And Market Signals UNI’s price on the 4-hour chart shows signs of upside momentum as it eyes a potential breakout toward the critical $20 resistance level. Holding above the 100-day Simple Moving Average (SMA) strengthens the bullish case, indicating growing confidence among buyers. This positioning highlights UNI’s capacity to push higher and sustain its upward trajectory, provided key resistance levels are cleared. Additionally, an examination of the 4-hour Relative Strength Index (RSI) reveals a notable climb, with the indicator reaching the 72% threshold after rebounding from a recent low of 69%. This sharp increase reflects a robust surge in bullish momentum, as intensified buying pressure has propelled the RSI into overbought territory. Such a shift indicates a significant change in market sentiment, signaling heightened confidence among traders and investors. Related Reading: Uniswap Processes Over $2 Trillion On Ethereum: UNI Bull Run Inevitable? The move into overbought levels suggests that demand for Uniswap has surged, often indicative of potential near-term price growth. However, the elevated RSI also calls for caution, as it may hint at a correction period or a minor pullback before the uptrend resumes. UNI’s Path Forward: Momentum Builds Above $17 Uniswap’s price has firmly stabilized above the $17 level, demonstrating a shift in market dynamics as upbeat momentum starts to gain traction. This crucial support zone provides a solid base for further upward movement, with technical indicators pointing to growing buying pressure. If the bulls can sustain this uptrend, a breakout toward higher resistance levels, such as $20, may be imminent. Related Reading: Uniswap: Market Swing Yields 12% Gains – Can UNI Sustain The Momentum? However, traders should closely monitor market conditions, as a failure to sustain the current bullish momentum could lead to a correction or pullback, causing the price to drop toward the $17 support level. If Uniswap fails to hold above this key level, a break below $17 could signal a deeper decline, with the next possible support zones being the 100-day SMA and the $11.8 level. Such a scenario would indicate weakening market sentiment and an extended drop could set the stage for additional bearish pressure. Featured image from Adobe Stock, chart from Tradingview.com
Uniswap (UNI) is gaining impressive momentum, reigniting hopes for a continued bullish run. As the token powers up, its next target could be the $16.9 mark, a critical level that could set the stage for even greater gains. With momentum building, the question is whether UNI can break through this resistance and push toward new heights. The aim of this article is to analyze Uniswap’s recent surge, focusing on its potential to break through the key $16.9 resistance level. This analysis will determine if UNI is poised for further gains or challenges in breaking through this critical price point by examining the factors driving UNI’s rally, including technical indicators and market sentiment. Examining UNI’s Recent Momentum Surge On the 4-hour chart, UNI is showing strong bullish strength, attempting to break out of its consolidation zone. Trading above the 100-day Simple Moving Average (SMA), the token is targeting the key $16.9 resistance level, signaling the potential for additional upward movement if it maintains its position above the SMA. An examination of the 4-hour Relative Strength Index (RSI) shows that the RSI has climbed back above the 61% threshold after experiencing a decline to 56% signaling a resurgence in buying pressure, reflecting renewed bullish movement in the market. A persistent climb would indicate strong overbought conditions, suggesting robust demand and the possibility of more price growth. Related Reading: Uniswap Processes Over $2 Trillion On Ethereum: UNI Bull Run Inevitable? Also, the daily chart showcases UNI’s robust upward momentum, highlighted by the formation of a positive candlestick pattern as the price rebounds, indicating the potential for further gains. Its position above the SMA solidifies the positive trend, signaling consistent strength. As UNI continues its ascent, it inspires growing market confidence and paves the way for an extended increase. Lastly, the daily chart’s RSI recently hit 70%, suggesting that Uniswap has entered overbought territory, reflecting strong bullish sentiment. While this suggests an extended upside, it also raises the risk of a pullback if buying pressure becomes excessive. Will Uniswap Reach New Heights? Tracking The Path Toward $16.9 Uniswap is exhibiting strong upbeat strength, with $16.9 acting as a key resistance level to watch out for. If the token maintains its upward trajectory, it could soon test this level. A successful breakout above $16.9 could open the door to new highs, setting the stage for gains and a possible rally to even higher price targets. Related Reading: Uniswap Rallies In Bearish Conditions, Can UNI Break New Grounds? However, if UNI fails to maintain its momentum, a pullback or consolidation may follow, potentially driving the price toward the $11.8 support level. A decisive break below this level might lead to more declines, with the next support zone at $10.3 and below. Featured image from Adobe Stock, chart from Tradingview.com
Uniswap (UNI) is riding a wave of renewed bullish momentum, with its price inching closer to the critical $8.74 resistance level. This surge has captured the attention of investors eager to see if UNI can overcome this hurdle and unlock fresh upside potential. As the market sentiment shifts more positively, the $8.74 level is a pivotal strength test for Uniswap’s rally. This article uncovers the dynamics behind Uniswap’s climb toward $8.74, evaluating if this resistance level could be the gateway to further gains. We’ll examine the key technical indicators, market sentiment, and potential challenges to determine if UNI’s bullish momentum can sustain a breakout, positioning it for a move to higher levels. What’s Driving The Recent Uniswap Surge? After rebounding from the $6.742 support level, UNI has displayed robust bullish momentum, pushing decisively above the 100-day Simple Moving Average (SMA) on the 4-hour chart. The move indicates a strong shift in sentiment as buyers regain control, propelling Uniswap toward the critical $8.748 resistance mark. Now approaching this resistance, UNI is testing the resilience of its upward strength, with a breakthrough possibly paving the way for additional gains and establishing a new higher trading range. Also, the 4-hour Relative Strength Index (RSI) analysis highlights renewed upside potential, with the RSI climbing from the oversold zone to above the 50% threshold. Now sitting at 85%, this upward movement suggests a strong increase in buying pressure, signaling a shift from the previous bearish phase toward a more neutral and potentially optimistic outlook. Related Reading: Uniswap Rallies In Bearish Conditions, Can UNI Break New Grounds? Additionally, the daily chart shows Uniswap is on a solid upward trajectory, underscored by a strong bullish candlestick that reflects sustained buying pressure. UNI’s position above the 100-day SMA further supports this positive price action, reinforcing the likelihood of continued gains. Trading consistently above this key SMA signals strengthening positive sentiment, as buyers maintain control and push the price toward higher levels, possibly setting the stage for a test of upcoming resistance zones. Lastly, the RSI on the daily chart has risen to 67%, recovering from a previous dip to 37%. If the RSI continues to climb, it could indicate growing strength in UNI’s price action. Additionally, staying above the 60% level would significantly boost the chances of sustained bullish momentum and potential breakouts, further reinforcing the asset’s positive sentiment. Resistance Or Launchpad? What $8.74 Means For UNI’s Future The $8.74 level for Uniswap represents a critical point of resistance determining the next phase of its price movement. If UNI can break through this barrier, it could act as a launchpad for further gains, with the $10 mark and beyond becoming attainable targets as the upbeat pressure accelerates. Related Reading: UNI Price Bounces Back 13% Above $5.6, Can Bulls Maintain Control? However, if the resistance holds, it may trigger a pullback, which could cause UNI to test key support levels and possibly lead to a consolidation phase. Featured image from LinkedIn, chart from Tradingview.com
Uniswap is making a surprising move, rallying in the face of bearish market conditions, and showing signs of resilience despite the downward pressure seen across the crypto space. As bullish sentiment begins to build, market participants are now focused on whether UNI can maintain this upward momentum and break new ground. As UNI continues to display strength, this analysis aims to determine whether Uniswap’s recent upward movement in spite of the broader bearish market conditions, has the potential to break through key resistance levels and reach new highs by examining the current price action and technical indicators. Indicators Point Toward More Upward Movement For Uniswap On the 4-hour chart, Uniswap is showing strength as it approaches the $8.7 resistance level while trading above the 100-day Simple Moving Average (SMA). UNI’s positioning above the SMA indicates a firm trend, suggesting that buyers are gaining confidence with the potential of targeting higher resistance levels. An analysis of the 4-hour Relative Strength Index (RSI) points to the possibility of continued upward movement, as the RSI has rebounded to the 73% threshold after previously dipping to 52%. This rise indicates that positive momentum is gaining traction, suggesting that buyers are increasingly in control and that further gains could be on the horizon. Related Reading: UNI Bullish Rebound Signals Upsurge, Targets $8.7 Resistance Ahead After successfully breaking above the daily 100-day SMA, UNI has been exhibiting strong upbeat movement signifying a shift in market sentiment, with buyers gaining confidence and pushing the price higher. If Uniswap can sustain this push, it may open the door for additional price appreciation and challenge higher resistance levels. Furthermore, the RSI on the daily chart is currently at 65%, having risen from a previous low of 43%. This upward movement suggests that UNI is gaining momentum, signaling more growth. If buying interest continues to hold steady, the positive trajectory indicated by the RSI could support an extended rally for Uniswap, reinforcing positive sentiment in the market. Potential Upside Targets: How Far Can the Bulls Push UNI? As Uniswap maintains its upward momentum, the immediate resistance level to watch is $8.7, which could pave the way for a challenge of higher thresholds if surpassed. A breakout above this level could see UNI targeting the $10.3 mark, where significant psychological resistance may come into play. Related Reading: UNI In Trouble? Key Indicators Cites Potential Drop Amid Market Downturn However, if Uniswap fails to maintain this strength and breaks above the $8.7 resistance level, it could result in a pullback, with the price sliding back toward the $6.7 support zone. A breakdown below this level could lead to more losses, possibly targeting lower support areas. Featured image from Adobe Stock, chart from Tradingview.com
Uniswap (UNI) price targets a comeback to $6.7 as bullish momentum continues to build. A break above the key level could signal a renewed bullish trend potentially leading to further gain for the cryptocurrency. With market sentiment gradually shifting, the question now is can Uniswap maintain its momentum and hold the line at $6.7, or […]
Uniswap (UNI) based on recent price movements has experienced a 13% rebound, pushing its price above the critical $5.6 level. This rebound which follows a period of bearish surge by the cryptocurrency has raised optimism among investors and traders as to whether the bulls can maintain this momentum and drive the price even higher. By offering insights and expert analysis, this article aims to provide readers with a comprehensive analysis of Uniswap’s recent 13% price rebound, which has pushed it above the $5.6 price mark. Additionally, it will assess the sustainability of the bullish momentum and evaluate whether the bulls can maintain control and drive UNI’s price higher. UNI is currently trading at around $5.77 and has increased by 13% with a market capitalization of over $3.4 billion and a trading volume of over $274 Million as of the time of writing. In the last 24 hours, the asset’s market cap has increased by 13.23%, while its trading volume has decreased by 13.55%. Technical Indicators: Signs Of Sustained Bullish Momentum For UNI Currently, the price of UNI on the 1-hour chart is bullish and is heading toward the 100-day Simple Moving Average (SMA). The digital asset has been on an upward spiral since breaking above the key level of $5.6, which indicates that the bulls are gaining control of the market and could drive the price higher. Additionally, an analysis of the 1-hour Composite Trend Oscillator reveals that the bulls are currently controlling the market. The signal line and its SMA have risen above the zero line and are approaching the overbought zone. This indicates that there is potential for the price to continue climbing higher. On the 4-hour, although Uniswap is still trading below the 100-day SMA, it can be observed that the crypto asset is attempting a bullish move toward the $6.7 resistance level. After the rebound at $4.8, UNI has been showing bullish resilience, thereby keeping its pace above this level. With this recent positive momentum, the digital asset could extend its rally to other resistance levels. Finally, on the 4-hour chart, the composite trend oscillator also indicates a rising bullish strength for the cryptocurrency as the signal has crossed above the SMA of the indicator and both are attempting to move out of the oversold zone. Expert Opinions: Will The Bulls Maintain Control? If the bulls can sustain their strength in the market, the price of UNI will continue to move upward toward the $6.7 resistance range. Should the price break and close above the $6.7 level, it may continue its rally toward the next resistance point at $8.7 and possibly other levels beyond. However, if Uniswap reverses its route at any of the previously mentioned resistance levels, it would begin to drop toward the direction of its previous support range at $5.6. When the price breaches this support level, it could signify a deeper bearish trend, leading to further price declines towards other lower levels. Featured image from Vectorstock, chart from Tradingview.com
Uniswap Labs made a significant move into the blockchain gaming industry with its recent acquisition of ‘Crypto: The Game’ (CTG), an on-chain survival game. Notably, the second season of CTG witnessed unprecedented success, with all 800 available spots selling out within a mere 13 minutes. Recognizing the game’s popularity among both the core crypto community […]
In a blow to the momentum of the Uniswap native token, UNI, the decentralized exchange (DEX) has been forced to postpone a highly anticipated proposal that would have improved its token governance and fee distribution model. Meanwhile, the company is also locked in a legal battle with the US Securities and Exchange Commission (SEC) over the regulatory status of its UNI token. Postponed UNI Governance Upgrade Sparks Sell-off On Friday, the Uniswap Foundation announced that it was delaying the deployment of the first proposal to activate Uniswap Protocol Governance. The foundation cited the need for additional due diligence on “a new issue” raised by a stakeholder, underscoring the sensitivity of the proposed upgrade. The Foundation further stated: This was unexpected, and we apologize for the postponement. We will keep the community apprised of any material changes and will update you all once we feel more certain about future timeframes. Related Reading: Market Analysis: How Will Mt. Gox’s Bitcoin Distribution Affect Crypto Prices? The shelved proposal aimed to streamline Uniswap’s fee mechanisms, allowing UNI token holders who have staked and delegated their tokens to be rewarded. It would have increased the efficiency of fee adjustments and reduced the governance burden on delegates while maintaining the protocol’s “credible neutrality.” The delay has had a tangible impact on UNI’s price, as seen in the token’s daily UNI/USD chart above. The token has slid down to the key support level at $10.20—an 8.6% decline in the past 24 hours. Should the token fail to regain bullish momentum and the $10 support level, it could retrace further to $9.66 and potentially as low as $9.33. Uniswap In High-Stakes Showdown With SEC Adding to Uniswap’s challenges, the company is embroiled in a high-stakes legal battle with the SEC. The regulatory agency has issued a Wells Notice to Uniswap Labs, signaling its intent to recommend enforcement action against the firm. Uniswap Labs has pushed back, arguing that the SEC’s case is flawed and fails to recognize the distinction between tokens as stores of value and tokens as securities. The company has expressed confidence in a favorable outcome, noting that its legal team has a strong track record of victories against the SEC, stating: But we’re prepared to fight. Our lawyers are 2-0 in high-profile SEC cases. Andrew Ceresney, a former head of enforcement at the SEC, represented Ripple in their victory over the SEC. Don Verrilli, a former U.S. solicitor general, has argued more than 50 cases before the U.S. Supreme Court and represented Grayscale in its successful case against the SEC. Related Reading: Rumor Of Apple Partnership Sends Crypto Altcoin Soaring By 20% Despite these setbacks, Uniswap continues to demonstrate substantial growth, with a total value locked (TVL) of $6.1 billion and a market capitalization of $7.7 billion, according to DeFiLlama data. Moreover, CoinGecko data shows that the UNI token’s trading volume has increased by 21.5% over the past 24 hours, reaching $264 million. As the Uniswap community awaits updates on the delayed governance proposal and the outcome of the SEC battle, the platform’s long-term prospects will likely hinge on its ability to navigate these challenges and maintain its position in the market. Featured image from Shutterstock, chart from TradingView.com
Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the US Securities and Exchange Commission (SEC), arguing that crypto tokens should not be classified as securities. The New York-based firm recently refuted the allegation that it operated as an unregistered exchange and broker-dealer. This response follows the SEC’s issuance of a Wells Notice to Uniswap Labs, signaling its intent to recommend legal action against the company. Uniswap Labs Challenges SEC’s Claims In a 40-page filing submitted to the SEC, Uniswap Labs outlined numerous reasons why the agency’s pursuit of legal action should be reconsidered. The SEC’s claims are primarily based on the assumption that all tokens are securities, a premise that Uniswap Labs disputes. Related Reading: Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000? Marvin Ammori, Chief Legal Officer of Uniswap Labs, emphasized that tokens are merely a file format for value and not inherently securities. He criticized the SEC’s attempt to redefine the terms “exchange,” “broker,” and “investment contract” to encompass Uniswap’s operations. This year, the SEC has taken action against numerous crypto firms through Wells notices, lawsuits, or settlements. The commission’s scrutiny has increasingly focused on Ethereum and decentralized finance players, including Uniswap, ShapeShift, TradeStation, and Consensys. Additionally, reports suggest that the Ethereum Foundation is under investigation. Distinction Between Tokens And Securities Uniswap Labs believes that the SEC’s case against them is flawed. It fails to recognize the distinction between tokens as files for value and tokens as securities. If the SEC proceeds with a lawsuit accusing Uniswap Labs of operating as an unregistered exchange, it risks facing adverse consequences regarding its authority over crypto tokens. Uniswap Labs warned that such litigation could set a precedent undermining the SEC’s ongoing rulemaking efforts. The company expressed its willingness to litigate if necessary and expressed confidence in a favorable outcome, stating: But we’re prepared to fight. Our lawyers are 2-0 in high-profile SEC cases. Andrew Ceresney, a former head of enforcement at the SEC, represented Ripple in their victory over the SEC. Don Verrilli, a former U.S. solicitor general, has argued more than 50 cases before the U.S. Supreme Court and represented Grayscale in its successful case against the SEC. Related Reading: Why Is The Ethereum Price Up 20% Today? SEC Chairman Gary Gensler has consistently maintained that decentralized exchanges are not genuinely decentralized and should fall under the regulator’s purview. Gensler has also argued that many digital assets qualify as unregistered securities subject to SEC regulations. Uniswap Labs, in its response, contended that its governance token, UNI, does not meet the requirements of the Howey Test, a legal framework used to evaluate investment contracts. The company also disputed the SEC’s classification of LP tokens, which are used as securities for liquidity provision in Uniswap pools. Uniswap Labs asserted that LP tokens are accounting tools rather than investment instruments. Uniswap’s native token UNI has seen significant gains of nearly 20% in the last 24 hours alone, as the market rebounded from a two-month consolidation period to trade at $9.34. Featured image from Shutterstock, chart from TradingView.com
Uniswap Labs, the software development company behind the decentralized exchange (DEX) Uniswap, was served with a Wells Notice by the US Securities and Exchange Commission (SEC) on Wednesday, which could result in an Enforcement Action. Amid these regulatory challenges, Uniswap Labs has partnered with Across, a cross-chain protocol, to propose a new standard for cross-chain […]
In a significant development that highlights the Securities and Exchange Commission’s (SEC) increasing regulatory actions against the cryptocurrency industry, Uniswap Labs, the software development company behind the Uniswap decentralized exchange (DEX), recently received a Wells Notice from the SEC. A Wells notice is a formal communication issued by the US SEC to individuals or entities […]