Uniswap price is trading just below the $4.00 mark after a strong recovery from its June lows. The token has steadily climbed over the past few weeks, supported by consistent buying interest and a series of higher highs and higher lows. Now, UNI is testing a key resistance zone between $3.90 and $4.05, where the next move could decide whether the rally extends further or pauses for a pullback. Will buyers have enough momentum to push UNI into a fresh breakout?
The daily chart shows UNI trading within a well-defined ascending channel, highlighting a steady recovery from its June lows. The token has consistently formed higher highs and higher lows, indicating that buyers remain in control despite intermittent pullbacks. This price structure reflects a healthy uptrend, with each correction attracting renewed buying interest rather than triggering a broader trend reversal.
The 50-day Simple Moving Average (SMA) has been trending higher and is approaching the 200-day SMA, bringing a potential Golden Cross into focus. Meanwhile, the Cumulative Volume Delta (CVD) suggests traders should remain cautious. Although UNI has climbed steadily in recent weeks, buying pressure has yet to fully confirm the rally, with CVD remaining relatively subdued. A breakout above the $3.90–$4.05 resistance zone, supported by rising CVD, would provide stronger confirmation that buyers are regaining control.
Overall, the Uniswap (UNI) price structure remains tilted in favor of the bulls, but the battle around the $3.90–$4.05 resistance zone is far from over. A decisive breakout could pave the way for a continuation of the recovery, while another rejection may trigger a healthy pullback toward lower support levels. For now, traders should watch how price reacts around this critical zone, as it is likely to determine UNI’s next directional move.
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