- UNI has bounced off support within an expanding wedge pattern.
- The 50-week EMA stands as immediate resistance on the weekly chart at $8.17.
- Bullish short-term targets above the EMA include $11.93 and $18.62.
Uniswap’s price climbed 12% in the past 24 hours, driven by a welcome rebound in decentralized finance (DeFi) tokens that pushed bulls to a one-month high.
In fact, UNI surged to levels not seen in over a month as market optimism returned, breaking above the $7 mark.
Other DeFi projects also recorded strong gains: Pump.fun and Raydium posted double-digit increases, while Hyperliquid, Jupiter, and Aerodrome Finance rose between 5% and 7% over the same period.
Litecoin and Dogecoin also registered gains during the broader crypto upswing.
The rise in UNI underscores the potential momentum for decentralized exchange (DEX) protocols as overall crypto sentiment improves.
Uniswap climbs past $7 to reach a one-month high
Uniswap’s UNI token has delivered notable gains.
Over the past 24 hours, UNI jumped more than 12% to $7.15, marking its highest level since early October.
Across the last week, UNI has advanced around 35%, outperforming many altcoins and reflecting increased trading activity on the platform.
CoinMarketCap’s Uniswap price chart
This upward momentum is largely a product of a broader market rebound.
Reduced macroeconomic headwinds and renewed investor appetite for risk assets following recent volatility have supported the rally.
Trading volume surged 66% day-over-day to exceed $498 million, and UNI’s performance aligns with growing confidence in DeFi infrastructure as altcoins regain momentum.
Analysts note that Bitcoin’s hold above $106,000 restored liquidity and lifted both liquidity providers and traders.
Uniswap price outlook
Technical indicators currently paint a bullish short-term picture for UNI.
After bouncing from key support, the token appears to be rising within an expanding wedge pattern.
On charts, Uniswap’s price has climbed from the lower boundary of that formation—which often precedes accelerated gains in trending markets.
TradingView’s UNI price chart
Bulls are currently aiming for a second consecutive green weekly candle, which would confirm a sustained recovery and could help push prices higher.
Immediate resistance is the 50-week exponential moving average (EMA) at $8.17, which UNI must overcome to unlock further gains.
The relative strength index (RSI) is trending upward from above 46.
While still below the midpoint, the RSI’s move higher indicates growing momentum, suggesting bulls have room to run before reaching overbought conditions.
If UNI maintains this trajectory, a near-term target would be $11.93—clearing the 50-week EMA cluster.
Surpassing that level could open the way for a more ambitious push toward $18.62.
On the downside, bears could aim to drive UNI back to the key 2023 low of $4.65 if selling pressure re-emerges.
Longer-term forecasts for 2025 remain constructive.
With DeFi adoption expanding, UNI could target breakouts toward $25 and $42 as market conditions improve.