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.