“Bullish signals push UNI up 70% from its April trough, delivering a 24% gain over the past 30 days.”

Uniswap’s UNI Token Climbs 70% From April Low, Charts Signal Further Gains

Uniswap’s native governance token, UNI, has staged a significant rebound, surging 70% from its yearly bottom of $4.551 on April 7 and recently trading above $7.46. The rally marks seven weekly gains out of the past eight, UNI’s strongest stretch since early 2023, and signals that the token may be shaking off the long-running downtrend.

Technical analysis suggests a bullish reversal pattern is unfolding, as UNI’s price action has formed a distinct V-shaped recovery backed by solid buying interest. Notably, support has materialized between $7.14 and $7.17, acting as a floor after a brief sell-off and fueling the renewed upward momentum.

While resistance around the $7.52 zone has slowed further gains, the formation of higher lows and robust volume at key levels points to the potential for additional upside. A sustained break above $7.60 could confirm a wider bullish shift in market sentiment.

Technical Breakdown

• Over the last 24 hours, UNI fluctuated between $7.142 and $7.792, reflecting an intraday range of roughly 8.7%.
• The steepest drop saw UNI slip to $7.142 around 10:00, accompanied by trading volume surging to 3.96 million—about 78% above its daily average.
• Strong buying support followed, lifting volumes to 4.69 million and sparking a swift V-shaped recovery.
• UNI rallied to $7.578 by 15:00 before encountering resistance that led to a sideways consolidation phase.
• At 17:33, prices briefly fell to $7.37 but quickly rebounded in the next few minutes, with volume spiking to nearly triple the hourly norm.
• UNI’s session peak reached $7.53 during the 18:00 candle, marking a 5.8% rebound from the hourly low on volumes of 162,000.
• Despite some profit-taking near $7.52, UNI has maintained levels above the middle of its trading range, preserving bullish momentum and signaling further potential gains.