UNI price steadies near $7.80 amid broader market indecision and on-chain accumulation
The Uniswap (UNI) token is holding steady around $7.83, showing resilience despite recent volatility across the decentralized finance (DeFi) sector. As the market recalibrates following a series of sell-offs, UNI’s ability to maintain this level signals a potential accumulation phase that could set the stage for a new upside move.
Technical analysis: UNI eyes recovery above key support
According to the latest data, UNI/USDT has found consistent support within the $7.20–$7.60 range, an area that previously acted as a springboard for the mid-year rally. The chart highlights this green zone as a major accumulation region, supported by stable trading volumes and a reduction in selling pressure.
Overhead resistance levels are clearly visible at $10.50 and $13.00, marked by multiple failed breakout attempts earlier this year. Should UNI sustain momentum above $8.00, analysts suggest a potential retest of the $10 region in the coming weeks.
“From a technical perspective, UNI is consolidating within a healthy range,” said BITX market strategist. “The current base formation near $7.5 indicates buyers are gradually regaining control, provided Bitcoin and Ethereum maintain relative stability.”
Uniswap remains one of the most dominant decentralized exchanges, and its protocol activity continues to support long-term investor confidence. Data shows a steady increase in on-chain trading volume and liquidity provider participation, reinforcing UNI’s utility-driven demand even amid market uncertainty.
According to BITX senior crypto analysts, “While price movements in DeFi tokens have lagged behind the broader market, the structural fundamentals of Uniswap remain strong. UNI’s next move depends on whether it can attract renewed liquidity as risk sentiment improves.”
In the near term, UNI’s defense of the $7 zone remains crucial. A clear daily close above $8 could open the path toward the $10–$11 resistance zone, while a break below $7 might reintroduce bearish momentum toward $6.20.
For now, Uniswap’s technical stability and active ecosystem provide a cautious yet constructive outlook as traders await confirmation of the next major trend.
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.