- Uniswap maintained a bullish momentum for the past two months.
- UNI’s price broke above crucial resistance.
- Analysts predict higher prices for Uniswap in the coming months.
UNI, the governance token of the Ethereum-based Uniswap decentralized exchange, has maintained a sustained bullish momentum for the first time since the beginning of 2025. The crypto asset has returned seven bullish weekly candles in the past eight weeks, breaking out of a prolonged downward trend and setting up a classic bullish structure.
Uniswap bounced off a $4.551 yearly low on April 7 after experiencing one of the steepest declines in the 2025 cryptocurrency market.
UNI Reverses a Multi-Month Downtrend with a 70% Rally
UNI’s price dropped from $19.469 in December 2024, experiencing a 76.5% drop in less than five months. However, the digital asset’s April 7 reversal proved significant after UNI’s massive surge in the first week of May introduced a new narrative for the cryptocurrency.
Related: Uniswap (UNI) Price Prediction for Entire June 2025: Breakout Momentum Builds Above Key Support
It is worth noting that UNI’s early May rally tested the significant $7.50 resistance. Even though the price pulled back at the initial attempt, UNI bulls regrouped to push the price above that level, converting it into support as the digital asset confirms a new phase in its price development.
Analysts Eye Breakout Above $8 as Next Bullish Signal
In the meantime, UNI tested another notable resistance last week by surging above the 0.236 Fibonacci level, which coincides with the psychological resistance around the $8 region. The price surged to $8.688 before retracing to close the week at $7.181. However, the decentralized exchange governance token resumed the upward movement by surging 14.32% in less than 48 hours.
Related: Uniswap ($UNI) Price Prediction for June 2025: Can UNI Sustain Momentum Above $8?
UNI’s latest surge retested the 0.236 Fibonacci resistance, with the trading volume showing signs of notable momentum that could support a confirmed breakout above that resistance. Analysts expect UNI to break above that level and open the way for higher prices, with $10 looking more like the next notable target for the altcoin.
According to TradingView’s data, UNI traded for $7.641 at the time of writing, reflecting a 70% surge since it recovered its bullish momentum on April 7.
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