Uniswap (UNI) is exhibiting signs of strength as short-term technical patterns continue to favor upward momentum. After forming a classic pennant pattern, the asset broke out convincingly and has since maintained a steady position above the $7.40 level.
As price action compresses within a narrow range, analysts are eyeing this stabilization as a potential staging ground for another push toward the $8.00 resistance zone. Market data reflects growing interest from participants, with volume and support levels aligning to support the trend.
Short-Term Breakout Confirms Bullish Continuation
On the 30-minute chart, Uniswap formed a bullish pennant pattern after a strong move upward from the $6.80 region. According to analyst Crypto Joe (@CryptoJoeReal), the pattern consolidated between $7.22 and $7.30 before a clear breakout occurred.
This formation typically signals a continuation of the prior trend, and in this case, UNI followed through by reaching the $7.49 mark. The price action has been characterized by higher lows and consistent retests of short-term highs, suggesting that buyers remain active in the current range.
Source: X
The breakout was supported by an increase in volume, particularly during the breakout candle, confirming participation from bullish traders. In addition, the 50-period moving average around $7.278 has served as a dynamic support zone, cushioning price during brief pullbacks.
Crypto Joe’s projected target of $7.827, derived using the measured move from the flagpole, aligns with historical resistance levels from larger timeframes. The structural support and target alignment point to a continuation of the current move if conditions remain favorable.
Volume and Market Activity Reinforce Bullish Outlook
Over the last 24 hours, UNI climbed to $7.39, supported by a consistent upward trend across intraday sessions. The price initially ranged between $7.22 and $7.28 before peaking close to $7.50 in the latter half of the session.
While a slight retracement followed, the asset has managed to remain above its earlier support levels, with the chart structure indicating a sustained bullish bias. A series of higher lows and a gradual upward slope reflect ongoing buy-side interest in the token.
Source: BraveNewCoin
Trading volume reached $361.99 million during this period, with notable surges between 16:00 and 18:00 UTC coinciding with the day’s strongest price moves. Although volume tapered off slightly after the peak, the lack of a sharp pullback in price implies that bullish sentiment remains intact.
With a market capitalization of $4.43 billion, Uniswap currently ranks 35th among cryptocurrencies, placing it in the mid-cap category. This gives the asset room to react more dynamically to short-term technical developments and changes in market sentiment.
The stable circulating supply of 600.48 million UNI tokens has not shifted materially, meaning the price action is largely driven by market demand rather than supply-side shocks. Should UNI continue holding the $7.30–$7.40 zone, attention may turn toward resistance at $7.50–$7.60, with further gains dependent on renewed volume strength and market-wide support.
Uniswap Price Prediction: Indicators Suggest Momentum Building for a Breakout
On the other hand, Uniswap’s daily chart shows a period of consolidation near $7.45, following earlier attempts to break above the $8.00 threshold. Multiple rejections have occurred near the $7.50–$8.00 band, but support has consistently held above $7.00.
This narrowing price range indicates declining volatility and a potential breakout setup. As the chart tightens, traders are monitoring indicators to gauge the likelihood and direction of the next move.
Source: TradingView
The Moving Average Convergence Divergence (MACD) reveals an early bullish crossover, with the MACD line moving above the signal line and histogram bars turning positive at 0.022. This signal, though modest, reflects an initial momentum shift that may develop further if volume returns.
At the same time, the Chaikin Money Flow (CMF) remains at -0.08, indicating mild capital outflows. A move back above the 0.00 line would confirm stronger accumulation. If CMF and MACD align in bullish territory, UNI may gain sufficient strength to challenge the $8.00 resistance zone.
