Uniswap Price Prediction explores the recent breakout in the coin as the decentralized exchange token shows renewed technical strength after weeks of consolidation.
The token’s rebound from sub-$5 levels has prompted traders to reassess short-term targets, with early chart signals pointing toward potential continuation if confirmation follows.
Trader Sentiment Highlights Bullish Breakout
On X, crypto analyst Nihilus drew attention to a confirmed breakout in the coin, posting a 4-hour chart showing the asset moving decisively above a multi-week descending resistance line. The analyst noted that this structural shift could mark the end of the recent bearish cycle, adding that the breakout may open the path toward the next resistance zones around $7.00 and $8.59.
Source: X
As shown on the chart, the coin successfully breached its trendline resistance near $5.90, now retesting this zone as new support. The breakout follows multiple failed attempts in previous weeks, suggesting stronger buying pressure this time. The pattern mirrors a classic descending wedge breakout, a formation that often precedes upside reversals when confirmed by sustained volume.
This technical development defines the current narrative in Uniswap Price Prediction, with the market cautiously optimistic about follow-through strength.
Market Data Confirms Rebound in Market Performance
According to BraveNewCoin, Uniswap trades at $5.89, reflecting an 11.84% gain over the last 24 hours. The asset’s market capitalization is approximately $3.72 billion, supported by a daily trading volume of $382.35 million and a circulating supply of 629.89 million tokens. The token ranks 45th among global cryptocurrencies by market capitalization, underscoring its continued relevance in the decentralized finance ecosystem.
Source: BraveNewCoin
The sharp increase in daily performance aligns with growing market engagement, hinting at rising spot demand. Liquidity conditions remain strong, suggesting that institutional and retail participants are re-entering positions after months of relative stagnation.
Technical Indicators Reflect Strengthening Momentum
At the time of writing, the coin trades around $6.107 on TradingView, representing a daily increase of roughly 4%. The token’s price is testing the Bollinger Bands baseline near $5.97, with the upper band at $6.856 and the lower band at $5.084. This positioning suggests UNI is transitioning from a compressed volatility phase into early directional expansion.
Source: TradingView
The Relative Strength Index (RSI) is currently 48.86, up from sub-40 readings in late October, indicating that the token has moved out of oversold territory and now sits in neutral momentum. Historically, RSI movement through the 45–50 range signals early stabilization before the market decides its next leg.
Additionally, the coin’s multi-month downtrend has been defined by a series of lower highs since the year-to-date peak at $12.30. The compression seen in recent weeks, along with the RSI recovery, suggests that sellers are losing control, and momentum is shifting toward equilibrium. If the coin maintains daily closes above the Bollinger band line and sustains volume expansion, continuation toward the $7.00–$8.59 resistance band becomes increasingly plausible.
