After several days of weakening cryptocurrency market momentum, Uniswap has entered a potentially decisive phase. The price is currently testing a key support level that has already been challenged twice in recent sessions. This places the market at an important juncture. Either a stabilization and reversal could develop, or a deeper corrective move may unfold. The outcome at this level is likely to influence UNI’s direction in the coming days.

UNI technical analysis

UNIUSD – 1 Day Time Frame

UNI is currently trading directly at a significant support zone that plays an important role in the short-term market structure. This level has previously attracted increased buying interest; however, selling pressure appears to be gradually building. Just below this area lies the psychological $5.00 level, which could act as an additional buffer and contribute to short-term price stabilization.

If UNI fails to hold this support, the market may have room to move lower toward areas where uncollected liquidity remains below the previous swing low. A break below the support zone could therefore result in a liquidity sweep. The key consideration would then be whether the price is able to reclaim this area and shift market structure upward, or whether the broader downtrend continues.

UNI price target

If buyers manage to defend the current support and produce a sufficiently strong reaction, the next notable objective becomes the nearest resistance zone marked on the chart. This level is particularly relevant as it also aligns with the 50% retracement of the current range.

In the event of a rebound, UNI could attempt a move toward this resistance area. At that point, market behavior around the level will be critical, as rejection could result in the formation of a lower swing high and renewed downside pressure, while acceptance above it could alter the short-term structure.