Buying pressure lifts Uniswap higher in today trading

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Uniswap rises 10.61% today to $3.66

Highlights

UNI trades at $3.66, above MA-20 ($3.45) but below MA-50 ($4.34) and MA-200 ($6.71), showing short-term strength within a bearish trend.
Momentum indicators are weak: daily MACD signals strong selling, ADX at 23.5 shows a weak trend, and weekly indicators support ongoing downside risk.
Key levels are resistance at $3.72 (Ichimoku kijun-sen) and support at $3.32, with bearish scenario targeting the weekly low near $2.58.

Anton Kharitonov, expert at Traders Union, focuses on UNI's persistent structural weakness. He notes the price remains caught below key moving averages, and the short-term rally appears more as a technical bounce than true reversal. Indicators point to caution, with momentum still weak and daily oscillators barely lifting from oversold. Ichimoku resistance and subdued ADX reinforce the likelihood that bullish attempts will fade. "Until we see both fundamental support and a break of $3.72, I remain skeptical of any sustained upside here."

Viktoras Karapetjanc, expert at Traders Union, highlights UNI's sharp intraday recovery as a signal of potential resilience. He sees the strong short-term price action and volatility as creating opportunities for traders seeking tactical setups. The lack of negative news flow removes a major bearish catalyst, which helps support renewed interest. Karapetjanc believes the bullish structure can reassert itself if $3.72 breaks. "As risk appetite returns, further growth becomes credible — I see the market offering favorable setups above current resistance."

Jainam Mehta, market strategist, views UNI as stuck in a broadly bearish pattern, despite today's rebound. He points out the divergence between short-term strength and weak weekly signals. The price needs to clear $3.72 to trigger any tactical breakout. "This split in timeframe momentum opens up contrarian trades — but for now, risk remains skewed downward."

Weak daily momentum as resistance approaches and indicators diverge

The closest dynamic resistance is the Ichimoku kijun-sen at $3.72, while support can be referenced near the MA-20. Momentum indicators for the daily timeframe remain cautious: MACD signals strong selling pressure, and the ADX at 23.5 points to a weak trend. Daily RSI and CCI levels are near oversold, though Stoch RSI has moved back above 60, suggesting only mild recovery. BBP remains in seller territory, and the Awesome Oscillator gives a neutral bias in line with a still-weak trend. The tone reflects sustained strength toward session highs, but the divergence between weaker daily momentum and strong intraday recovery should be noted.

Last time, analysts noted that Uniswap is trading just above its short-term moving average but remains well below key medium- and long-term averages, reflecting ongoing bearish momentum despite a brief intraday price recovery. Technical indicators including the MACD, RSI, and CCI remain mostly negative, with resistance seen near $3.72 and support established around $3.15–$3.20, suggesting continued consolidation with a downside bias over the near term.

Source of Data: UNI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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