Uniswap (UNI), the leading decentralized finance (DeFi) token, is stealing the spotlight with an impressive 40% surge, hitting its highest price in four months. This standout performance is especially striking given the broader crypto market’s recent struggles.
#1
While many major cryptocurrencies are stuck or falling, Uniswap is powering ahead.
In the last 24 hours alone, UNI gained over 10%, pushing its price to $8.66—a level unseen since February.
What’s driving this surge? The answer lies in the funding rate on UNI perpetual futures. It recently peaked at 0.013% monthly, signaling strong demand for long positions. In simple terms, traders betting on UNI’s rise are paying a premium to those betting against it—an unmistakable sign of bullish confidence.
Uniswap’s Breakout Amid Market Slump
While many major cryptocurrencies are stuck or falling, Uniswap is powering ahead. In the last 24 hours alone, UNI gained over 10%, pushing its price to $8.66—a level unseen since February.
What’s driving this surge? The answer lies in the funding rate on UNI perpetual futures. It recently peaked at 0.013% monthly, signaling strong demand for long positions. In simple terms, traders betting on UNI’s rise are paying a premium to those betting against it—an unmistakable sign of bullish confidence.
#2
If UNI breaks above and holds this level, it could flip resistance into support, clearing the way for a push toward the $10 psychological barrier—a milestone last touched in mid-February.
But it’s not all smooth sailing. Profit-taking could slow the rally. A slip below the key support at $8.07 might wipe out recent gains and open the door to a deeper drop toward $7.08.
Can UNI Keep Climbing?
With momentum on its side, Uniswap is eyeing the next hurdle: resistance at $9.46.If UNI breaks above and holds this level, it could flip resistance into support, clearing the way for a push toward the $10 psychological barrier—a milestone last touched in mid-February.
But it’s not all smooth sailing. Profit-taking could slow the rally. A slip below the key support at $8.07 might wipe out recent gains and open the door to a deeper drop toward $7.08.
#3
Technical signals back this optimism, but caution remains key.
Investors should watch price action closely in the next few sessions to gauge whether UNI can sustain its climb or face a pullback.
What This Means for Investors
Uniswap’s resilience in a tough market highlights its strength as a DeFi pioneer.Technical signals back this optimism, but caution remains key.
Investors should watch price action closely in the next few sessions to gauge whether UNI can sustain its climb or face a pullback.
#4
1. Moving Averages (MA)
50-day SMA: $6.29 (price well above, indicating short-term bullish momentum)
200-day SMA: $7.49 (price above this level confirms a positive long-term trend)
Analysis: UNI trading above both the 50-day and 200-day moving averages signals strong upward momentum and suggests buyers are in control.
2. Relative Strength Index (RSI)
Current RSI near 66.4, just below the overbought threshold of 70.
This indicates healthy buying pressure without being overextended.
Analysis: The RSI suggests UNI has room to grow before hitting overbought territory, supporting potential further upside.
3. Fear & Greed Index
Scored at 72 (Greed), reflecting strong market optimism.
A high greed score often precedes short-term corrections but also shows bullish trader sentiment.
4. Price Volatility
Around 7.85% over the last 30 days, showing moderate price swings that attract active traders.
Key Technical Indicators
1. Moving Averages (MA)50-day SMA: $6.29 (price well above, indicating short-term bullish momentum)
200-day SMA: $7.49 (price above this level confirms a positive long-term trend)
Analysis: UNI trading above both the 50-day and 200-day moving averages signals strong upward momentum and suggests buyers are in control.
2. Relative Strength Index (RSI)
Current RSI near 66.4, just below the overbought threshold of 70.
This indicates healthy buying pressure without being overextended.
Analysis: The RSI suggests UNI has room to grow before hitting overbought territory, supporting potential further upside.
3. Fear & Greed Index
Scored at 72 (Greed), reflecting strong market optimism.
A high greed score often precedes short-term corrections but also shows bullish trader sentiment.
4. Price Volatility
Around 7.85% over the last 30 days, showing moderate price swings that attract active traders.
#5
Support $8.28 Immediate support zone
Support $7.49 200-day SMA, strong floor
Resistance $8.66 Near-term resistance
Resistance $10.35 Key breakout level
Resistance $12.44 Medium-term target
Support $7.49 200-day SMA, strong floor
Resistance $8.66 Near-term resistance
Resistance $10.35 Key breakout level
Resistance $12.44 Medium-term target
#6
The recent surge in volume and price action suggests traders are positioning for a breakout.
Analysts forecast a potential rise toward $10.59 by mid-July 2025, representing nearly 30% upside from current levels.
However, the Fear & Greed Index warns of possible short-term profit-taking or consolidation.
Market Sentiment and Outlook
Bullish momentum is supported by strong technicals and positive on-chain activity.The recent surge in volume and price action suggests traders are positioning for a breakout.
Analysts forecast a potential rise toward $10.59 by mid-July 2025, representing nearly 30% upside from current levels.
However, the Fear & Greed Index warns of possible short-term profit-taking or consolidation.
#7
Strong funding rates show bullish demand in futures markets.
Resistance at $9.46 and psychological $10 are key targets.
Support at $8.07 critical to maintain momentum; below that, risk of decline.
UNI’s rally reflects DeFi’s ongoing strength despite market headwinds.
This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing.
Key Takeaways
Uniswap surged 40%, hitting a 4-month high at $8.66.Strong funding rates show bullish demand in futures markets.
Resistance at $9.46 and psychological $10 are key targets.
Support at $8.07 critical to maintain momentum; below that, risk of decline.
UNI’s rally reflects DeFi’s ongoing strength despite market headwinds.
This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing.
