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Uniswap (UNI) trades at $2.711, up $0.232 or 9.36% from the previous close of $2.479. After gapping up to $2.59 at the open, UNI has surged intraday by $0.151 (5.83%), now sitting near the session high of $2.745. Today’s strong advance is driven mainly by aggressive buying into the close, though underlying technicals remain broadly bearish. Supporting sentiment, Hayden Adams highlighted a favorable report from Standard Chartered, adding to optimism about long-term DeFi growth.
Hayden Adams shared that Standard Chartered projects a ~40x increase in tokenized assets within DeFi and sees Uniswap as uniquely positioned to capitalize on this growth. This matters for UNI because such an endorsement from a major international bank could lift future adoption expectations and boost institutional confidence. The market has responded positively in today’s session, suggesting that this upbeat outlook is resonating with traders.
UNI remains below its MA-20 ($2.7382), MA-50 ($3.1810), and MA-200 ($4.0896), reflecting persistent selling pressure across all key timeframes. Immediate resistance is at $3.1810 (MA-50), with further resistance from the Ichimoku Kijun at $3.0035. The MACD signals a bearish trend, while RSI near 36 and Stochastic RSI at 100 point to conflicting momentum; the 5-day range is projected between $2.43 and $2.95 with downside risk dominant. The supportive long-term outlook from the influencer aligns with today’s bullish price action and modestly reinforces the technical scenario.
Earlier, analysts noted that Uniswap was exhibiting renewed bullish momentum after overcoming previous resistance, with technicals signaling potential for further upside. The current analysis extends this view, emphasizing that traders should closely monitor price action near key inflection points for confirmation of a sustained trend shift.