Uniswap’s governance token, UNI, has staged an impressive recovery, trading above $7.46 this Tuesday, marking a robust 70% rally from its yearly low of $4.551 on April 7. This resurgence has captivated market watchers as UNI logs its longest string of weekly gains since early 2023, overcoming key resistance levels that had previously stymied its ascent.
Bullish Patterns Take Center Stage
Observers of the crypto market have noted a classic bullish reversal pattern in UNI’s recent movements. After enduring a prolonged downtrend, the token has demonstrated sharp rebounds alongside a solid support formation. Such developments have bolstered sentiment around Uniswap’s role in the on-chain governance ecosystem. “We’re seeing a textbook recovery pattern,” says crypto analyst Jamie Lin. “The buyers are clearly willing to step in after each dip, which is a strong indicator of market confidence.”
Indeed, the token’s newfound support zone between $7.14 and $7.17 has become a focal point for traders. This support marks the lower threshold of UNI’s current trading range, reflecting a shift in market dynamics. The token’s climb through previous local highs, despite intraday profit-taking near $7.52, suggests a potentially sustainable upward trajectory. However, many analysts caution that a definitive break above $7.60 is essential to confirm a full momentum reversal. This optimism is mirrored in the broader DeFi sector, as highlighted in our recent coverage of Aave, Uniswap, Sky Tokens Surge Over 20% as SEC Roundtable Spurs DeFi Optimism.
Technical Insights and Market Reactions
Recent trading sessions have showcased intense volatility. UNI oscillated within a 24-hour range of $0.650, peaking at $7.792 and reflecting an 8.7% intraday swing. Notably, a sharp sell-off bottomed at $7.142 during the morning hours, accompanied by a volume spike to 3.96 million—significantly above the daily average. This was quickly followed by a surge in buying activity, triggering a V-shaped recovery that pushed the price to $7.578 by mid-afternoon.
“Volume is key here,” notes market strategist Eliza Chen. “When you see such spikes in volume, it often indicates strong conviction among traders, which can sustain momentum even in volatile conditions.” The afternoon saw UNI dip to $7.37, only to rally shortly thereafter, with trading volume swelling to nearly triple the hourly norm. By evening, the price had peaked at $7.53 with a 5.8% gain from the hour’s low.
Despite some resistance encountered near $7.52, the price action has maintained an upward trajectory, hinting at a more defined uptrend. This aligns with the broader market trends, as detailed in Ether, Dogecoin Surge, Outpaces Bitcoin as DeFi Comments Spurs Bullish Mood.
Looking Ahead: Cautious Optimism
While recent movements have been promising, the crypto community remains cautiously optimistic. The broader market context is crucial—global economic factors and regulatory developments continue to influence investor sentiment. UNI’s performance will be closely watched as traders look for sustained breaks above key levels to confirm the bullish outlook.
“There’s always an air of uncertainty with crypto,” says Lin. “But UNI’s resilience in recent weeks is definitely a positive sign. The key now is watching how it navigates these resistance levels in the coming days.”
As the market digests these developments, questions linger about whether UNI can maintain its upward momentum. With the crypto landscape as unpredictable as ever, traders and investors alike will be keeping a close watch on the unfolding narrative.
Source
This article is based on: UNI Rallies 70% From April Lows With Bullish Pattern Taking Shape, Up 24% in Past 30 Days
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
