Uniswap continues to navigate a challenging market structure following its strong early-month rally, with recent sessions showing cooling momentum and increasing interaction with major overhead supply.

Price behavior reflects consolidation rather than immediate continuation, as market participants reassess directional conviction while the coin remains positioned below a key resistance region.

Price Faces Persistent Sell Walls as Momentum Forms Lower Highs

At the time of analysis, the coin is trading just beneath a significant red resistance block, with the next major sell wall identified near $11.5. The recent chart shared by CW shows that UNI recovered from a sharp pullback following its explosive rally earlier in the month, but momentum has since eased.

The formation of a lower-high structure signals that sellers remain active at current levels, capping upside attempts and preventing a clean extension of the previous breakout.

Source: X

Below price, several green demand zones between $6.00 and $7.00 continue to serve as a structural accumulation base. These levels have historically triggered strong buying interest, including the surge that propelled the token back above $10.

While buyers stepped in again during the most recent retracement, stabilizing the market above mid-range, the inability to clear the red zone highlights waning bullish strength. If momentum continues to fade, a revisit of the lower demand blocks remains plausible.

Mild 24-Hour Decline as Liquidity Remains Strong

According to BraveNewCoin, UNI is trading near $7.22, posting a –1.03% decline over the past 24 hours. Reported market capitalization stands at $4,554,045,288, supported by $879,834,989 in trading volume. Circulating supply is listed at 629,892,750 tokens, placing the asset at Rank 36 globally by market cap.

Source: BraveNewCoin

Recent trading behavior between $7.15 and $7.30 aligns with a consolidation phase rather than directional acceleration, reflecting moderated participation following the earlier rally. Market liquidity remains firm, as shown by consistent intraday volumes and orderly price oscillations. The current structure suggests measured positioning, with neither aggressive accumulation nor sharp distribution evident in the short term.

Technical Indicators Highlight Rising Volatility

The UNI/USDT TradingView daily chart shows the token trading near $8.12, marking a notable 13%+ surge as the price approaches the upper Bollinger Band at $8.896. The widening of the Bollinger Bands reflects a clear increase in market volatility, following a strong rebound from the lower band seen earlier in the chart.

The coin has also established a decisive break above the basis line at $6.575, indicating renewed bullish momentum after several sessions of consolidation.

Source: TradingView

Momentum indicators support this structure. The MACD line at 0.319 and the signal line at 0.139 are both positioned firmly above zero, with the histogram printing green bars. The recent MACD crossover and the expanding gap between the two lines reflect strengthening bullish conditions. Historically, similar breaks above the Bollinger band accompanied by a rising MACD have preceded upward extensions, though confirmation depends on follow-through volume.