Uniswap is currently priced at $7.49, showing a slight 0.02% daily decline, according to BraveNewCoin data. With a market capitalization of $4.49 billion and a 24-hour trading volume of $177.7 million, the token is consolidating in a narrow range.
Yet, analysts are flagging caution, with some traders leaning toward short positions as selling pressure builds across the broader market.
Short Signal Active Around $7.59
Crypto analyst BKCRT shared a fresh short trade setup for UNI/USDT, highlighting a potential entry in the $7.59–$7.62 range. The trade idea sets a stop-loss at $7.64, with take-profit targets near $7.58 and $7.55. The risk/reward ratio, calculated at 1.67, underscores the view that downside pressure outweighs immediate bullish potential in the short term.
Source: X
This setup reflects the recent inability of the asset to break decisively above the $7.60 zone, where resistance has repeatedly capped rallies. By positioning near this ceiling, BKCRT suggests that sellers may be preparing to take advantage of fading momentum. The chart structure reinforces this narrative, with multiple failed attempts at higher highs on lower timeframes.
For short-term traders, this setup highlights caution: unless the token breaks above $7.65 with conviction, the path of least resistance could tilt lower, at least toward the mid-$7.50s.
Stagnant Amid Tight Trading Range
On one hand, data from BraveNewCoin shows UNI struggling for direction, oscillating narrowly around $7.49. Despite the flat performance over the last 24 hours, liquidity remains strong, with over 600 million tokens circulating. Market sentiment, however, appears muted, with buyers and sellers keeping price action locked between support near $7.40 and resistance closer to $7.65.
Source: BraveNewCoin
This sideways movement reflects a period of indecision, often a prelude to sharper moves. Traders note that holding above $7.40 is critical for maintaining the current structure. A breakdown below that level could trigger a deeper retreat, while a clean close above $7.65 might shift momentum back in favor of bulls.
Technicals Show Volatility Cooling, Bears Pressing
On the other hand, Insights from TradingView’s daily UNI/USDT chart reveal that momentum has cooled notably since early September. The Bollinger Bands have narrowed, suggesting reduced volatility, while price action is gravitating toward the lower band near $7.35. The baseline at $7.50 now acts as immediate resistance, and multiple rejections from this level hint at sustained selling pressure.
Source: TradingView
Adding to this cautious picture, the Chaikin Money Flow (CMF) indicator prints at –0.13, signaling capital outflows and weakening buying strength. This negative flow suggests that even though the price hasn’t collapsed, sellers are gradually dominating order books. Unless inflows return, the crypto risks slipping into a deeper correction phase.
For bulls, reclaiming the mid-band resistance near $7.50–$7.55 would be the first constructive signal. Until then, the asset appears vulnerable to further consolidation or downside testing, in line with BKCRT’s short-term bearish bias.
