UNI Price Rebounds After Steep Decline, Eyeing Resistance Near $7.50
Uniswap (UNI) has staged a sharp rebound after briefly plunging below $6.00, bouncing from a crucial support zone that previously acted as a foundation for past rallies. The token’s recovery comes after a swift 25% correction, signaling renewed interest from dip buyers and traders looking for short-term momentum.
The daily chart reveals a clean reaction from the orange support area between $5.50 and $6.00, which has consistently served as a major demand zone throughout 2025. Following the steep sell-off earlier in October, UNI’s price quickly recovered above the $6.70 mark, suggesting that sellers may have exhausted near-term pressure.
Trading volume spiked during the reversal, confirming active accumulation. According to several market analysts, this bounce highlights strong market psychology around these lower levels.
“This rebound from the $6 region indicates that Uniswap remains in the accumulation phase,” said BITX market strategist. “As long as UNI stays above $6.20, the path of least resistance appears to be upward toward the $7.50–$8.00 area.”
On the upside, immediate resistance lies within the green zone near $7.50, followed by the broader red resistance band between $10.50 and $12.00. A decisive breakout above these levels could pave the way for UNI to retest the $14–$15 psychological area, where the previous trendline broke down earlier this year.
However, analysts caution that a failure to hold above $6.00 could reignite bearish sentiment. A close below that threshold might reopen the door to deeper support near $5.20.
Despite recent volatility, the overall structure shows strength emerging from lower support, a pattern often seen before continuation rallies in mid-cap DeFi assets.
“Uniswap’s technical recovery underscores how quickly sentiment can shift once key support holds,”According to BITX. “If volume remains consistent, UNI could see a steady climb toward mid-range resistance before year-end.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.