UNI Price Surges 2.43% as Uniswap Shows Very Strong Bullish Momentum
The post UNI Price Surges 2.43% as Uniswap Shows Very Strong Bullish Momentum appeared on BitcoinEthereumNews.com.
Luisa Crawford
Aug 07, 2025 03:14
UNI trades at $9.68 with strong bullish signals emerging. Technical analysis reveals key resistance at $11.69 while Uniswap maintains upward trajectory above critical support levels.
Quick Take • UNI currently trading at $9.68 (+2.43% in 24h) • Uniswap technical analysis shows very strong bullish overall trend with RSI in neutral territory • Price consolidating above key moving averages despite absence of major catalysts What’s Driving Uniswap Price Today? The UNI price movement today appears to be driven primarily by technical factors rather than fundamental news catalysts. With no significant developments in the past week, Uniswap’s 2.43% daily gain reflects the broader technical momentum that has been building in the token. The $30.5 million in 24-hour trading volume on Binance spot markets indicates steady institutional and retail interest in UNI/USDT, even without major news drivers. This organic price action suggests traders are positioning based on technical signals rather than reacting to specific events. Uniswap’s current price action appears to be part of a broader recovery pattern that has seen the token climb significantly from its 52-week low of $4.78, representing a more than 100% recovery from those levels. UNI Technical Analysis: Strong Bullish Signals Emerge The Uniswap technical analysis reveals compelling bullish momentum across multiple timeframes. UNI’s RSI reading of 52.56 sits comfortably in neutral territory, suggesting room for continued upward movement without immediate overbought concerns. Uniswap’s moving average configuration presents a particularly encouraging picture. The current UNI price of $9.68 trades above both the 7-day SMA ($9.41) and the critical 50-day SMA ($8.63), while maintaining significant distance above the 200-day SMA at $7.60. This alignment typically indicates sustained bullish momentum. The MACD indicator shows mixed signals with a reading of 0.1912 above the signal line of…
Filed under: News - @ August 8, 2025 2:28 am