Uniswap (UNI) Surges to Highest Price in 85 Days — Eyes Set on $10

Key Takeaways

• Uniswap (UNI) follows a long-term ascending support trend line.
• The UNI price broke out from a short-term resistance trend line.
• Can UNI maintain its breakout and finally move to double digits?

Uniswap’s price has been climbing since dodging a breakdown in April, but its recovery has lagged behind the broader crypto market.

Last week, the Uniswap team shared a bullish update on X. Nearly half of all Uniswap activity now happens on Ethereum Layer-2s, a strong signal that ETH’s scaling plans are gaining traction.

UNI’s price responded with a bounce and is now testing a key resistance level around $7.50. Will it break through this time? Let’s take a closer look at the charts.

UNI Price Bounces

On the weekly chart, Uniswap (UNI) has been climbing steadily along an ascending support trendline that’s been in place since July 2022.

This trendline has held strong through multiple retests, including two recent bounces in April and May 2025 (marked by green icons).

The second bounce even formed a bullish engulfing candlestick, typically a strong signal of a potential reversal.

Despite that, the recovery has been underwhelming.

UNI still hasn’t reached the 0.382 Fibonacci retracement level at $10.35, a common target for assets bouncing after a significant drop.

The failure to even hit that mark suggests lingering weakness in the trend.

Momentum indicators paint a mixed picture.

The Relative Strength Index (RSI) is trending up but remains below the neutral 50 line, indicating lackluster strength.

The Moving Average Convergence/Divergence (MACD) is showing similar signs, climbing but still in negative territory, although a bullish crossover looks possible soon (black circle).

All in all, the weekly chart offers no clear signal. While the structure is technically intact, there’s not enough confirmation yet to call it a full-blown bullish trend.

Can the Breakout Continue?

The shorter-term daily time frame shows that UNI broke out from a descending resistance trend line on April 18.

After creating a higher low, the price of Uniswap reached the $7.50 resistance area but failed to break out.

Today, UNI is making a second breakout attempt (red icon).

Unlike the weekly time frame, the daily RSI and MACD are bullish.

The indicators are increasing and are above their bullish thresholds, suggesting the breakout will be successful.

If one happens, the UNI price can move to $10. However, the wave count does not offer clarity.

The bearish prediction suggests the UNI price completed an upward A-B-C structure (red), and the token is now finishing a downward one.

UNI will not break out from the $7.50 resistance area if the count transpires

Alternatively, the bullish count shows a 1-2/1-2 wave formation, from which a significant breakout is likely.

If the count is accurate, the price of UNI will break out above $7.50 and move to double digits.

So, the Uniswap trend is undetermined. Whether the price breaks out from $7.50 will be key for the future movement.

Unclear Trend Ahead

Uniswap’s bounce, which started in April, has been subdued relative to the rest of the crypto market.

While UNI accelerated its rally this week, it trades inside the $7.50 resistance area.

The future trend is unclear and depends on whether the breakout attempt will be successful.