Uniswap’s price action is drawing attention as the token consolidates near $7.73, up 3.18% in the past 24 hours.

The move comes as the coin trades on a critical support and resistance level that has repeatedly acted as a pivot throughout previous cycles. Market participants are closely watching this zone, with some analysts suggesting it offers a favorable risk-to-reward setup for long-term buyers despite recent downside pressure.

Key Pivot Zone Sets the Stage

A chart shared by analyst Part-Time Trader highlights UNI’s behavior within a long-term ascending channel. Price has consistently respected this channel since its inception, establishing a structural framework that traders have used to anticipate major price movements.

At present, the asset is positioned on a key support and resistance zone around $7.36–$7.73, a level that has historically dictated directional shifts.

Source: X

The analyst suggests that this zone could serve as a springboard for accumulation, with the first upside target around $15 if buyers regain momentum. This mid-range level has acted as heavy resistance in the past, repeatedly rejecting bullish attempts.

A clean break and hold above $15 would confirm strength and open the path toward a higher target around $25–$26, which coincides with the channel’s upper trendline. For now, the coin’s ability to defend its current zone will determine whether it builds the foundation for such an advance or slips back into prolonged consolidation.

Balancing Risk and Opportunity

Additionally, with a market cap of $4.64 billion and daily trading volume near $196 million, Uniswap remains one of the more liquid and closely followed assets in the DeFi sector. Its position within a well-defined ascending channel offers both clarity and caution: the long-term framework is intact, but near-term weakness is undeniable.

Traders are split between waiting for confirmation of strength above resistance and attempting early entries around the current support zone.

Source: BraveNewCoin

For bullish traders, the roadmap is clear—reclaim $8.84, push toward $15, and eventually target the $25–$26 zone if momentum builds. For bears, the $7.00 level serves as the next key battleground; a breakdown there could invalidate the bullish channel structure and invite deeper losses.

Until the market resolves this standoff, the token sits at a decisive pivot point, with patient accumulation strategies competing against prevailing bearish sentiment.

Short-Term Technical Pressure

On the other hand, higher-timeframe structures remain constructive; the daily chart shows UNI navigating a corrective phase. The token recently dropped from highs near $12.30 to its current $7.73, sliding below the Bollinger Bands’ midline basis at $8.84.

This move reflects sustained selling momentum, with price edging closer to the lower band around $7.01. Typically, interaction with the lower band signals oversold conditions, raising the possibility of a relief bounce if buyers step in.

Source: TradingView

Adding nuance, the Chaikin Money Flow (CMF) currently prints a modestly positive reading at 0.06. This indicates that capital inflows have not fully dried up, even as prices weakened. Such divergences between price and money flow sometimes precede rebounds, as they suggest that underlying demand remains active.

If CMF holds above zero and volume begins to pick up, the asset could attempt a recovery toward the $10.66 upper band in the short term. Failure to reclaim the $8.84 basis, however, risks dragging price into extended consolidation near the $7.00 support region.