The post Uniswap (UNI) Stabilizes at Key Support as Traders Watch for Trend Reversal appeared on BitcoinEthereumNews.com.

Uniswap is showing early signs of stabilization after enduring a sharp market downturn that saw prices tumble from above $8 to lows near $4. Following the intense selloff, the token has begun consolidating within a major demand zone, where buyers are attempting to reassert control. The recent rebound from oversold conditions has reignited cautious optimism among traders who are closely watching for signals of a broader market reversal. Accumulation Forms Around Key Support Zone In a recent post on X, analyst Yakov shared their perspective on Uniswap’s evolving setup, noting that their dollar-cost-averaged (DCA) entry sits around $7.90. According to Yakov, the coin’s sharp decline has brought the price into a significant horizontal support zone that has historically acted as a strong demand area. The current consolidation within this zone is notable, as price has repeatedly tested and held the same levels despite ongoing volatility. Source: X Within this support band, the coin has begun forming a sequence of higher lows and higher highs, a subtle yet encouraging signal that buying pressure is beginning to offset prior selling momentum. This accumulation pattern suggests that short-term participants are defending the area aggressively, while longer-term holders may be absorbing supply from capitulating traders. If these higher lows continue to form, it would mark a technical foundation for a potential recovery trend. Market Data Reflects Cautious Rebuilding According to BraveNewCoin data, Uniswap is currently priced around $5.89, marking a 27.8% decline in the past 24 hours. The sharp drop reflects both broader market stress and localized volatility tied to heavy liquidations. Despite the correction, market capitalization remains at $3.52 billion, supported by a robust daily trading volume of $1.29 billion, which underscores that liquidity and participation have not disappeared. Source: BraveNewCoin This resilience in trading activity is particularly important for a governance token…

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Filed under: News - @ October 12, 2025 12:17 am