TLDR:
- Uniswap (UNI) bounced from $5.50 support, showing strength after repeated defense of that level.
- Traders highlight $10.35 as a breakout point for a potential multi-month bullish surge.
- Weekly chart targets include $14.94, $22, and possibly $29 if momentum sustains.
- UNI gained 26.78% in a week, despite daily volume falling over 54% amid short-term pullback
Uniswap’s native token, UNI, is showing signs of a potential multi-month breakout after rebounding from a long-standing support level. Market watchers are monitoring a key resistance area that could unlock a steep upside if surpassed.
Although recent trading volumes have dropped, price action suggests mounting momentum. Analysts believe a weekly close above the $10.35 level could signal the beginning of a bullish surge.
Uniswap Price Recovers From Strong Support
UNI’s latest move stems from a solid bounce at the $5.50 support level, which has acted as a safety net multiple times. This recurring pattern has now laid a foundation for price stability, helping the token avoid further downside pressure.
With the current recovery, UNI has set its sights on the first critical barrier at $10.35.
Analyst Crypto Patel marked this zone as a key “breaker” level, where previous attempts to move higher have failed. A close above this price on the weekly chart would reflect a structural shift in market sentiment.
$UNI MASSIVE BREAKOUT PLAY INCOMING 🚀#UNI is bouncing hard from support & eyeing the 1st breaker zone at $10.35 — a weekly close above this can trigger a MAJOR RALLY!
Next Targets → $15… $29… $50+
The chart looks primed for a multi-month breakout. Get ready.
Retweet if… pic.twitter.com/Jjdnw3Wx80
— Crypto Patel (@CryptoPatel) June 11, 2025
According to his chart analysis, it may serve as a launchpad for extended gains.
Beyond the $10.35 mark, the Uniswap chart identifies multiple resistance levels that could shape UNI’s next moves. The next key target stands at $14.94, followed by broader resistance around $22 and $29. If the rally sustains, some long-term projections even point toward the $50 region.
The structure of the trend supports this bullish setup. UNI has been moving within an ascending channel since late 2022, with each bounce reinforcing the trendline. Current conditions show another such rebound, indicating that the overall upward structure remains intact.
UNi Broader Sentiment Reflects Possible Shift
Crypto analyst Crypto Patel recently shared a bullish outlook, noting that UNI appears “primed” for a breakout toward much higher levels. This sentiment follows a 26.78% rise in UNI’s price over the past week, despite a 3.44% dip in the last 24 hours.
Data from CoinGecko at press time places UNI’s price at $8.05, with daily trading volume at $637.9 million. However, this reflects a 54.10% decrease in 24-hour volume, suggesting temporary cooling in market activity.
Still, the broader trend remains positive amid growing interest in decentralized finance tokens.
The current technical setup matches broader crypto market trends that favor recovery and breakouts from long-term consolidation zones. With support holding firm and UNI trending upward, conditions now appear favorable for sustained momentum.
If the token clears the $10.35 mark, further upside toward mid- and long-term targets could follow.
