Key Takeaways
Uniswap (UNI) continues to solidify its position as the leading decentralized exchange (DEX) based on its Total Value Locked (TVL).
Its price performance is also better than its main rivals, even though Uniswap has failed to break out from the $15 horizontal area.
In this article, we will examine its performance relative to its peers and attempt to determine the likelihood of a breakout above $15.
Since June 2022, the UNI price has increased alongside an ascending support trend line, bouncing at it several times.
More recently, it bounced in May (green icon), beginning the current upward movement that led to a high of $12.30 in August.
Despite its increase, the UNI price has not reached its primary horizontal resistance at $15, which has existed for over three years.
The only exception is a deviation in December 2024 (black circle), which could not be sustained, so it is not a valid breakout.
Even though the Uniswap price still trades halfway to the $14.50 resistance, the chart suggests it will likely reach it.

This is mainly because the Moving Average Convergence/Divergence (MACD) and Relative Strength Index (RSI) have given a bullish signal that previously led to significant rallies.
The MACD made a bullish cross while the RSI crossed 50 (black), a signal that increased 215% and 155%, respectively.
So, Uniswap’s long-term prediction is bullish, suggesting an increase toward $15 will occur sometime in 2025.
The long-term wave count for UNI is also bullish, showing a completed five-wave upward movement within a leading diagonal pattern.
After the move ended, Uniswap fell significantly before bouncing in April, meaning its correction could also be over.

It is uncertain if the five-wave increase is wave A in an A-B-C structure or wave one in a much larger five-wave upward movement.
Regardless, both scenarios point to more upside. Even in the A-B-C structure, giving wave C the same length as wave A leads to a high of $27, which will be a new cycle high.
However, the short-term outlook is bearish, since the price of Uniswap has increased within a corrective pattern since April.
When combined with the bearish divergence in the daily RSI and bearish cross in the MACD, a breakdown to $7.50 is the most likely short-term outlook.
Uniswap is still the leading DEX in Decentralized Finance (DeFi), with its TVL of $5.86 billion more than twice as large as that of its closest competitors, Raydium, Curve, and PancakeSwap, which each have slightly more than $2 billion in TVL.
The DEX landscape is a bit concerning, since its TVL has never recovered from its 2021 highs.

The situation is even more jarring when considering that the rest of DeFi has nearly reached a new all-time high in TVL, driven mainly by the lending category and Aave, which has almost doubled its 2021 all-time high.
This could signify that DEXs are left behind while DeFi prioritizes other categories.
Nevertheless, the price of Uniswap has performed admirably compared to the other DEXes. Since the April bounce started, UNI has nearly doubled, which is on par with the RAY price increase.

On the other hand, CRV and CAKE have risen by 86% and 51%, respectively, underperforming relative to Uniswap.
Overall, Uniswap’s long-term outlook remains bullish. It could reclaim $15 in the next rally and even target $27.
While short-term corrections may occur, the strength of Uniswap relative to other DeFi tokens solidifies its resilience.
If the bullish prediction materializes, the Uniswap price will reach a new cycle high in 2025.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
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