Uniswap (UNI) is drawing renewed attention across the market after successfully defending a major support zone that has historically signalled fresh upside attempts.

With analysts reaffirming the strength of its structural base, sector data showing improving sentiment, and TradingView indicators tightening, UNI appears to be entering a pivotal phase that may determine its next directional trend over the coming sessions.

Analysts Highlight UNI’s Successful Support Retest

Analyst FOUR | Crypto Spaces shared on X that UNI is “back on the launchpad,” emphasising that the asset has completed a clean retest of the long-standing support region between $7.00 and $7.20. This level has served as a crucial accumulation zone, and its defence during recent volatility underscores the presence of committed buyers. The analyst’s chart illustrates a clear bounce from this area, revealing that the support continues to attract liquidity, which is often a prerequisite for sustained recovery phases.

Source: X

This price behaviour closely mirrors the conditions observed earlier in November, when a similar retest from the same region led to a short-term breakout. Analysts interpret these repeated reactions as evidence that UNI’s structural trend remains intact, even during corrective periods.

The absence of severe sell pressure during the latest decline further strengthens the argument that the support zone is becoming a consistent foothold for the asset. FOUR’s assessment suggests that as long as UNI remains above this base, the likelihood of a push toward the mid-$7.50 to $8.00 range remains realistic, provided buyers continue to show presence.

Chainlink’s Strength Reflects Broader Market Stability, Says BraveNewCoin

The overall market tone across DeFi and oracle-related tokens appears increasingly supportive, with Chainlink (LINK) showing notable resilience during the same period. Data from BraveNewCoin highlights that LINK is trading at $13.72, marking a 3.10 per cent increase over the previous 24 hours. Its market capitalisation now stands at $9.56 billion, accompanied by strong daily trading volume of more than $813 million, indicating persistent engagement among traders and larger market participants.

Source: BraveNewCoin

This recovery in LINK is particularly relevant for UNI, as both assets often move in response to shifts within the broader ecosystem of decentralised finance. When LINK gains momentum, it typically signals improved confidence in infrastructure-driven assets, which in turn supports liquidity and participation throughout DeFi markets.

TradingView Indicators Show Tightening Price Conditions

Insights from TradingView deepen the understanding of UNI’s current technical landscape. On the daily chart, UNI remains positioned above the Bollinger Bands’ baseline, which often serves as a signal that the asset is attempting to reestablish equilibrium after a downturn.

The Bollinger Bands themselves have begun to compress, a pattern frequently associated with an upcoming expansion in volatility. This tightening of the bands suggests the market is coiling, a condition that traders typically interpret as preparation for a notable move.

Source: TradingView

The MACD indicator offers additional clarity. The MACD line continues to hover above the signal line, keeping the indicator in positive territory despite the recent cooling in price action. While not yet a strong bullish impulse, this configuration suggests that underlying momentum is stabilising rather than deteriorating. As long as the MACD maintains this structure, analysts view the indicator as supportive of the narrative that UNI may soon attempt to test higher resistance areas.