- UNI is bouncing off support of a widening “wedge” pattern.
- The 50-week EMA offers immediate resistance near $8.17 on the weekly chart.
- Bullish short-term targets above the EMA include $11.93 and then $18.62.
The long-awaited rebound in decentralized finance (DeFi) tokens pushed Uniswap’s price up about 12% over the past 24 hours, with buyers driving the token to a monthly high.
In fact, UNI climbed to its highest level in more than a month, breaking above $7 as market optimism returned.
Pump.fun and Raydium also posted double-digit gains, while Hyperliquid, Jupiter and Aerodrome Finance rose roughly 5–7% in the last 24 hours.
Litecoin and Dogecoin registered gains as well, reflecting a broader upswing across the crypto market.
The UNI rally signals potential momentum for the DEX protocol as overall sentiment toward cryptocurrencies improves.
Uniswap breaks 1-month high above $7
Uniswap’s token UNI delivered an impressive move upward.
Over the past 24 hours it rose more than 12% to $7.15, marking the highest monthly peak since early October.
Over the past week UNI climbed about 35%, outperforming many altcoins and indicating heightened trading activity around the platform.
Uniswap price chart from CoinMarketCap
This upward momentum is largely explained by a wider market rebound.
Reduced macroeconomic pressure and a renewed investor appetite for risk assets after recent volatility helped fuel the move.
Trading volume surged 66% to more than $498 million in the last 24 hours, aligning UNI’s performance with growing confidence in the DeFi infrastructure as altcoins regain traction.
Analysts note that Bitcoin holding above $106,000 has boosted both liquidity providers and traders.
Uniswap price outlook
Technical indicators paint a bullish short-term picture for UNI.
As the token bounces from key support, it is likely to trend higher within a widening wedge pattern.
On the chart below, Uniswap’s price rose from formation lows that often precede accelerated gains in trending markets.
UNI price chart from TradingView
Bulls are now targeting two consecutive green weekly candles, which would confirm a sustained recovery and likely push prices higher.
Immediate resistance sits at the 50-week exponential moving average (EMA) around $8.17 — a level UNI must overcome to unlock further gains.
The relative strength index (RSI) is trending higher, currently above 46.
Remaining below the midpoint, RSI sits in neutral territory and suggests growing momentum without yet reaching overbought levels.
If UNI maintains this trajectory, short-term upside targets include $11.93, which lies above the 50-week EMA cluster.
A successful move beyond that level could open the way toward a more ambitious push to $18.62.
On the downside, risks remain: bears could aim for a return to the $4.65 low, a key 2023 trough.
Longer-term outlooks toward 2025 remain constructive.
With ongoing DeFi expansion, UNI could target breakouts toward $25 and $42 if bullish momentum continues and broader market conditions remain supportive.