Uniswap (UNI) Eyes 17% Rally as Technical Setup Suggests Breakout from $9.00–$9.20 Support

Uniswap (UNI) has drawn renewed attention as its price stabilizes near $10.24, sparking optimism among traders and analysts. A technical analysis by AlphaCryptoSignal, a crypto analyst on X (formerly Twitter), highlights a potential bullish setup, suggesting the asset could be positioned for a breakout. The analysis focuses on a classic rounding bottom pattern, a technical formation historically associated with trend reversals. According to the chart, UNI’s price has transitioned from a prolonged downtrend to a gradual upward curve, forming a base since January 2025. A key breakout above the neckline at $9.00–$9.20 in mid-July marked a pivotal shift, with the price subsequently reaching $11.00 before consolidating [1].

The analyst emphasizes that UNI’s current position above the breakout level is a positive sign for bulls. A retest of the $9.00–$9.20 support zone could serve as a catalyst for further gains, provided the price remains above this level. Short-term support is currently provided by the 9-day EMA, just below the current price, while the 50-day SMA at $7.87 offers deeper backup if the price pulls back [1]. Increased trading volume during the breakout adds credibility to the move, as rising volume during breakouts often signals strong buyer participation. Analysts project a potential target of $12–$14, aligning with previous resistance levels that could now act as psychological hurdles to overcome [1].

The analysis underscores the importance of key levels in determining UNI’s near-term trajectory. Sustaining the price above $9.00–$9.20 is critical to maintaining bullish momentum, while a breakdown below this zone could trigger a reevaluation of the outlook. Traders are also monitoring the 9-day EMA and the 50-day SMA as potential barriers to further declines. If the price retraces to the $7.00–$7.87 range, a bounce from this area could provide a second opportunity for buyers to re-enter the market [1].

While the chart patterns are encouraging, analysts caution that technical indicators alone do not guarantee a sustained rally. Market sentiment remains cautious amid broader crypto sector uncertainties, including regulatory developments and speculative risks. For example, unrelated projects like Pump.fun have experienced sharp declines in private sale tokens, highlighting the sector’s volatility [1]. However, UNI’s recent behavior appears distinct, with its price action showing resilience despite mixed broader market conditions.

The trajectory of UNI now hinges on its ability to maintain its current position and overcome key resistance zones. Strategic risk management remains essential, as a failure to hold critical support levels could retrigger bearish pressure. Traders and investors are advised to monitor volume patterns and on-chain activity for further confirmation of a bullish trend.

Source: [1] [Uniswap (UNI) Price May Be Set to Pump – This Chart Reveals What Could Happen Next] [https://coinmarketcap.com/community/articles/6882da8fb0543364aa5f63be/] [2] [Uniswap (UNI) Price May Be Set to Pump – This Chart Reveals What Could Happen Next] [https://captainaltcoin.com/uniswap-uni-price-may-be-set-to-pump-this-chart-reveals-what-could-happen-next/]