Uniswap (UNI) is trading just above a well-defined support zone after a prolonged corrective phase, with recent price action suggesting stabilization rather than continued downside. Following heightened volatility in October and November, UNI has shifted into a more compressed structure, where buyers appear increasingly active near historically relevant levels. This places the market at an important inflection point, especially as broader cryptocurrency sentiment shows signs of gradual improvement.

Uniswap technical analysis

UNIUSD - 1 Day Time Frame

On the daily chart, the 5.7 level stands out as a key support, repeatedly defended across October, November, and December. Price is currently hovering just above this zone, indicating that buyers are still willing to step in at these levels. As long as UNI remains above this support, downside risk appears more controlled.

Below current price, a major structural support is located near 5.0, which previously acted as a base in early November before the sharp upside impulse. This level represents a deeper downside reference and would likely attract renewed demand if tested.

To the upside, the area between 5.8 and 6.5, marked by the blue box on the chart, represents a short-term recovery and acceptance zone. Within this range, price may consolidate as the market gauges whether momentum is sufficient to challenge higher resistance. The 6.5 level acts as the first notable resistance, having previously capped upside in late October, and may initially slow further advances.

Further above, the 8.4 resistance zone stands out as a major technical barrier, aligned with early October price action. This level represents a broader structural ceiling and would likely require stronger participation and improved market conditions to be approached convincingly.

Uniswap price target

If UNI continues to hold above 5.7 support, price may gradually rotate within the 5.8–6.5 range, with a potential attempt to reclaim 6.5 resistance. A sustained break above this level could open the path toward 8.4, though such a move would likely develop in stages rather than as a direct advance.

While the broader structure remains cautious, current price behavior suggests that downside may be increasingly limited, with the balance of risk subtly favoring further upside exploration as long as key supports remain intact.