Uniswap remains in a bearish range with support at $6.516 coming into focus: weekly analysis

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Uniswap falls 5.41% this week

Highlights

Uniswap fell 5.41% over the past week to $6.934, trading below key short-term moving averages.
Technical indicators confirm strong downside momentum, with price near oversold conditions and volatility elevated at 19.55%.
Uniswap is expected to trade in a $5.871 to $7.6081 range next week, with 61% probability of further declines.

Protocol upgrades and futures launch drive network growth this week

Uniswap Labs launched Aggregator Hooks on October 22, 2026, allowing the protocol to route trades through seven external liquidity sources on major chains and introducing new token burn dynamics according to The Block. The upgrade comes as UNI recorded its fastest daily network growth since November 2022, adding 2,295 new wallet addresses in a single day, as reported by TipRanks.com. CME Group also began offering regulated UNI futures contracts on October 19, 2026, expanding institutional access (source: Cryptonomist).

Sustained downside momentum this week as oversold CCI signals build

The daily chart shows a sustained move lower with a firm trend, supported by strong downside signals from both MACD and ADX. The 7-day volatility sits at 19.55%, accompanying a CCI reading of -125.8149 in the oversold zone, while RSI remains neutral—pointing to possible exhaustion but with directional momentum still intact. Immediate support is found at $6.516, with resistance at $7.3568 and the Ichimoku Kijun level acting as further overhead resistance at $7.92. This setup suggests selling pressure dominates, but deeply oversold short-term momentum could temper further downside.

Bearish momentum likely to keep Uniswap in wide range next week

Next week, Uniswap is expected to trade between $5.871 and $7.6081, with a 39% chance of an increase and a 61% probability of decrease. The base case is continued trading within this broad range under sustained bearish momentum. A bullish scenario would require clearing resistance at $7.3568, opening a path toward $7.92, while a break below support at $6.516 could accelerate losses toward the lower band of the expected range.

Viktoras Karapetjanc, expert at Traders Union, believes the recent developments around Uniswap highlight a period of strong institutional and network growth, despite this week’s price retreat to $6.93. He notes that the launch of Aggregator Hooks and the start of regulated UNI futures on CME are significant milestones, signaling increasing mainstream and institutional engagement. Karapetjanc sees deep oversold conditions on the daily chart as setting the stage for a potential short-term relief bounce, though seller dominance is not fully exhausted. For the coming week, he expects Uniswap to trade between $5.871 and $7.6081, with momentum favoring recovery if resistance at $7.3568 is cleared. "Solid fundamental catalysts are aligning with technical exhaustion — I see this as an opportunity for bulls to watch for a sharp upside if resistance gives way."

Earlier, analysts noted that Uniswap was facing persistent selling pressure, with bearish momentum dominating despite recent technical upgrades. The current analysis reinforces this outlook, highlighting continued downside risk in the coming week, with immediate focus on whether support at $6.516 can hold.

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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