Uniswap is consolidating just under the $10 mark, showing resilience and attracting renewed market attention.
Analysts highlight that recent chart structures point to accumulation, with buyers actively defending support levels. If momentum continues to build, the token may soon attempt a decisive push toward higher resistance zones, led by growing investor confidence and favorable technical setups.
Defended Support and Breakout Setup
On X, analysts have drawn attention to Uniswap’s steady defense of its $9.80 zone, which has emerged as a crucial short-term support. Each time the price dips toward this level, traders have stepped in to defend it, creating a foundation for higher consolidation. This behavior signals a shift toward accumulation, often preceding a stronger bullish move.
Source: X
The chart pattern also highlights consolidation near the $10 range, with intermittent volume bursts during upward pushes. These surges in activity suggest that buyers are gaining confidence and positioning for an eventual breakout. If this defensive stance holds, the next key resistance to watch sits near $12.30, where sellers previously capped rallies.
Analysts emphasize that the coin’s ability to sustain momentum above $10 could transform this zone into a launching pad for the next bullish leg. A breakout beyond $12.30 would likely confirm this outlook, potentially setting the stage for an extended rally toward higher liquidity pools.
Market Data Confirms Growing Participation
At the time of writing, Uniswap trades at $9.97, recording a 2.53% daily gain, according to BraveNewCoin data. The token’s market capitalization of $5.98 billion is supported by a robust 24-hour trading volume of $336.7 million, highlighting strong liquidity across exchanges. This activity reinforces the consolidation pattern while reflecting steady investor participation.
Source: BraveNewCoin
The cryptocurrency’s available supply of 600.48 million tokens ranks it #36 among cryptocurrencies. Despite broader market swings, the token’s resilience near $10 underscores persistent demand and suggests that buyers are positioning for long-term gains.
Analysts point to this behavior as evidence of accumulation, which could be laying the groundwork for a more defined bullish breakout.
Technical Indicators Hint at Momentum Shift
Insights from TradingView add depth to the outlook, with key indicators flashing early signs of bullish momentum. The MACD indicator has turned positive, with the MACD line crossing above the signal line and the histogram flipping green at 0.068. This crossover points to improving momentum and could attract short-term traders to long positions.
Source: TradingView
Meanwhile, the Chaikin Money Flow (CMF) remains slightly negative at -0.05, signaling mild selling pressure. However, with the CMF hovering close to neutral, the balance between inflows and outflows appears relatively stable. A move into positive territory would further validate the bullish case, confirming stronger capital inflows.
Price action remains constructive, with UNI firmly holding its support range between $9.80 and $10.00. The immediate resistance lies near $12.30, corresponding to a recent local high. A decisive breakout above this level, supported by rising volume and a strengthening CMF, could unlock further gains and mark the beginning of a stronger uptrend.
