The post Uniswap Price Prediction: UNI Eyes $7.80 as Bulls Hold Key Support Level appeared on BitcoinEthereumNews.com.

Attention now turns to the $7.80 level as a potential upside target, contingent on holding support above $7.30. Uniswap (UNI) is hovering near a critical zone after recovering from earlier losses this month. The token has been trading between $7.20 and $7.60, showing short-term resilience while attempting to build momentum. With technical indicators pointing to consolidation and speculative interest rising in derivatives, market participants are watching for signs of a sustained breakout. Uniswap Derivatives Data Shows Momentum as Open Interest Rises The 1-hour candlestick chart for UNI/USD on Open Interest reflects ongoing price consolidation within a broader recovery from early-month lows. After rebounding from sub-$6.50 levels, UNI reached a high of approximately $7.80 on July 6 before entering a period of reduced volatility. Uniswap price action since then has remained bound between $7.20 and $7.60, with recent candlesticks displaying narrow ranges and upper wicks, suggesting slowing bullish momentum around the $7.40 mark. Source: Chart by Open Interest A notable development has been the sharp rise in aggregated open interest. Data shows that open interest in UNI derivatives surged from below 4 million to a peak above 6 million on July 6, before stabilizing around 5.45 million. This elevated figure signals increased speculative engagement, potentially in anticipation of a price breakout. The modest decline in open interest following its peak could indicate profit-taking, but the sustained high levels point to continued market engagement and potential volatility in upcoming sessions. A break above the $7.60 resistance level, if accompanied by volume and renewed open interest expansion, could push UNI toward the $7.80 mark. Conversely, failure to hold the $7.20 support may result in a retracement toward the $6.80 region. Traders are closely observing these thresholds for confirmation of the next directional move. Intraday Structure Hints at Accumulation Near Key Levels The 24-hour…

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Filed under: News - @ July 8, 2025 6:25 pm