Uniswap Price Holds Strong Despite Volatility, $4.20 in Focus

Coinbase
Bybit


UNI eyes $4.20 resistance after holding gains through volatility. Track Uniswap’s price action, support levels, and trading volume.

Uniswap is trading near the top of its multi-month range as UNI shows resilience through choppy market conditions. 

The token has climbed steadily since bottoming near $2.35 in June. Traders are now watching whether it can clear a key resistance zone. 

Analyst Daan Crypto Trades flagged the setup in a recent post on X, calling attention to UNI’s steady climb through negative headlines. The coin sits just below its next major target as buyers keep pushing higher.

itrust

UNI Price Action Builds Higher Lows

UNI has printed a pattern of higher highs and higher lows since its June low.

The token reclaimed $2.83 as support after several retests confirmed buyers were defending the level. That reclaim set the stage for a move toward $3.70 to $3.80. 

Daan noted that UNI moved up throughout all the chop and different headlines during this stretch. 

Coins that hold steady while the broader market swings tend to draw attention from traders. According to Daan, those are usually the assets worth watching once sentiment shifts.

Momentum has carried UNI close to the top of its established range. 

The structure remains intact, with each pullback finding support at progressively higher levels. This kind of pattern often signals accumulation rather than exhaustion among buyers.

$4.20 Marks The Range High For Uniswap

Daan pointed to $4.20 as his first target for UNI, describing it as the upper boundary of the broader range. A daily close above that level could open the door to a fresh leg higher. 

Until then, the range high remains the line in the sand for bulls. A rejection at $4.20 would likely keep UNI confined to its current trading band a while longer.

Daan said he wants to take the move one step at a time rather than get ahead of the setup. That measured approach reflects how UNI has traded for months, grinding higher without sharp breakouts. 

The token’s ability to hold gains through volatile sessions has kept the range structure in play. Traders are watching for a decisive close above resistance as confirmation that the range could break to the upside.

Read also: Uniswap Burned 100M Tokens, and Nobody Is Talking About What Comes Next

Uniswap Trading Volume And Weekly Performance

Per the latest data from CoinGecko at the time of reporting, UNI is priced at $3.66. The token posted a 24-hour trading volume of $154,770,210 across exchanges. 

UNI fell 4.42% over the past 24 hours following a sharp intraday swing. Despite that dip, the token is still up 4.31% over the past week.

The weekly gain shows UNI has held its broader uptrend despite short-term pressure. Volume levels suggest steady participation from traders positioning around the $4.20 level. 

The next few sessions could determine whether UNI breaks its range or pulls back toward support once again.





Source link

Paxful

Be the first to comment

Leave a Reply

Your email address will not be published.


*