Uniswap Price Prediction: Key Levels to Watch as Bulls Eye a Strong Rally Toward $10
The post Uniswap Price Prediction: Key Levels to Watch as Bulls Eye a Strong Rally Toward $10 appeared on BitcoinEthereumNews.com.
Uniswap (UNI) has exhibited renewed bullish momentum following a multi-week recovery, with price action and volume dynamics signaling increased market participation. As the token consolidates above key technical levels, bulls are watching for a breakout that could push UNI toward the psychological $10 mark in the near term. Renewed Momentum Signals Structural Shift Data from BraveNewCoin shows a significant upward movement in UNI since early July. After finding support near the $7.00 level, the price rallied above $9.00 before entering a modest correction. The hourly chart highlights a series of higher highs and higher lows, reflecting strong demand and continued buying interest during pullbacks. UNI is currently consolidating around $8.40, indicating potential stabilization before the next leg up. Source: BraveNewCoin The global aggregated open interest in UNI futures has risen in tandem with the recent price rally, reflecting increased speculation and leveraged participation. According to derivative data, open interest climbed steadily from July 8 to July 11, coinciding with UNI’s price surge. However, recent divergence between flat or rising open interest and slightly declining prices suggests a buildup of long positions without additional bullish momentum. If the price weakens while OI remains elevated, the risk of liquidation-driven volatility increases. Market participants should closely monitor price behavior near the $8.00 support zone and $9.20 resistance. A strong breakout above $9.20 with rising volume could act as confirmation of a continuation toward $10.00. On the contrary, a failure to hold $8.00 may suggest temporary exhaustion of the uptrend. Key Resistance Breakouts Highlight Trend Reversal Analysis from TradingView on the daily timeframe confirms a potential reversal from the prolonged downtrend seen between January and May. UNI formed a solid base between $4.55 and $5.50, with multiple bounces suggesting strong accumulation. The breakout above former resistance levels at $7.67 and $8.00 confirms a trend…
Filed under: News - @ July 13, 2025 7:05 pm