Short-term rebounds lose traction, sending Uniswap to fresh multi-week lows

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Uniswap drops 7.28% today to $3.35

Highlights

UNI remains under clear short- and long-term selling pressure, trading below key moving averages and immediate resistance looms at $3.64.
Momentum and oscillator indicators generally point bearish or neutral, with persistent negative signals on both daily and weekly timeframes.
UNI is expected to range between $3.22 and $3.55 over the next five days, with downside risk prevailing and a near-term rebound unlikely.

Momentum signals diverge amid resistance and tight range

Technically, UNI is positioned below the SMA-20 at $3.58 and the long-term SMA-200 at $4.54, with its current price almost aligned with the SMA-50 at $3.36. Immediate resistance is defined by the Ichimoku Kijun at $3.64. Daily MACD signals strong buy momentum, but daily ADX is neutral and low. Both daily and weekly RSI remain on 'sell' in the mid-40s, with Stoch RSI at oversold and CCI reading neutral yet near oversold. On the daily chart, BBP indicates buyer presence but does not outweigh prevailing selling signals, while the Awesome Oscillator hints at modest positive momentum. The price moved between $3.32 and $3.40 intraday with heightened volatility, but oscillator divergence underlines uncertainty between brief recoveries and sustained downward bias.

Downside risk grows as rebound odds remain low

Over the coming five sessions, UNI is likely to oscillate between $3.22 and $3.55, remaining within a typical volatility band relative to the current level. The probability of a near-term move higher is below 20%, while a retest of lower support is more plausible given weekly trend signals. If UNI breaks above $3.64, it could trigger a rebound toward $3.55, though this is an unlikely scenario. Conversely, a drop below $3.22 would expose the asset to further downside, confirming continuing negative momentum.

Anton Kharitonov, expert at Traders Union, sees UNI trading below key moving averages and confined within a narrow range. He notes that technical momentum remains skewed to the downside despite mixed oscillator signals and some buyer presence. The analyst maintains a cautious stance, emphasizing that downside risks outweigh rebound potential in the near term. "Base case remains a defensive approach — unless $3.64 is reclaimed, I stay neutral to bearish."

In a recent review, analysts highlighted Uniswap's entrenched bearish momentum amid sustained technical headwinds. The current analysis reinforces this bearish outlook, underscoring the importance of monitoring $3.22 as a critical support level that could dictate the next directional move.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.