Uniswap Price Prediction: UNI Eyes $7.80 as Bulls Hold Key Support Level

Attention now turns to the $7.80 level as a potential upside target, contingent on holding support above $7.30.

Uniswap (UNI) is hovering near a critical zone after recovering from earlier losses this month. The token has been trading between $7.20 and $7.60, showing short-term resilience while attempting to build momentum. With technical indicators pointing to consolidation and speculative interest rising in derivatives, market participants are watching for signs of a sustained breakout.

Uniswap Derivatives Data Shows Momentum as Open Interest Rises

The 1-hour candlestick chart for UNI/USD on Open Interest reflects ongoing price consolidation within a broader recovery from early-month lows. After rebounding from sub-$6.50 levels, UNI reached a high of approximately $7.80 on July 6 before entering a period of reduced volatility.

Uniswap price action since then has remained bound between $7.20 and $7.60, with recent candlesticks displaying narrow ranges and upper wicks, suggesting slowing bullish momentum around the $7.40 mark.

Source: Chart by Open Interest

A notable development has been the sharp rise in aggregated open interest. Data shows that open interest in UNI derivatives surged from below 4 million to a peak above 6 million on July 6, before stabilizing around 5.45 million. This elevated figure signals increased speculative engagement, potentially in anticipation of a price breakout.

The modest decline in open interest following its peak could indicate profit-taking, but the sustained high levels point to continued market engagement and potential volatility in upcoming sessions.

A break above the $7.60 resistance level, if accompanied by volume and renewed open interest expansion, could push UNI toward the $7.80 mark. Conversely, failure to hold the $7.20 support may result in a retracement toward the $6.80 region. Traders are closely observing these thresholds for confirmation of the next directional move.

Intraday Structure Hints at Accumulation Near Key Levels

The 24-hour price chart for UNI suggests a mild upward trajectory characterized by higher lows and moderate volume support. After opening near $7.35, UNI experienced minor pullbacks before climbing to a session high of $7.48. Despite brief periods of volatility, the structure of ascending lows and highs indicates incremental buying pressure during the trading day.

Source: Chart by BraveNewCoin

Total trading volume during this period reached approximately $277 million. The majority of this activity occurred in the latter half of the day, aligning with the most pronounced price advances. This correlation between volume and upward movement suggests genuine interest rather than speculative price fluctuation.

At the time of reporting, UNI is priced at $7.41 with a marginal 0.35% decline over the 24-hour window. The token holds a market capitalization of approximately $4.45 billion, ranking it 35th among digital assets by valuation.

Holding above the $7.30 zone may be crucial for sustaining current momentum. Should volume remain elevated and resistance near $7.50 be broken, buyers could test higher levels, bringing $7.80 back into focus. Market observers continue to track volume consistency and structural shifts in support zones for confirmation of trend continuation.

Technical Indicators Signal Mild Bullish Momentum

On the daily timeframe, UNI price remains within a consolidation range between $6.80 and $7.50. This horizontal movement follows an earlier drawdown from a yearly high near $14.84, with recent sessions reflecting market indecision. The current price of $7.409 is supported by modest bullish candles, suggesting an attempt to build a base for a potential move higher. However, a definitive trend will likely require additional technical validation.

Source: Chart by TradingView

The Relative Strength Index (RSI) reads 54.17, slightly above the midpoint, while its moving average is at 52.23. This positioning reflects mild upward pressure but falls short of a clear momentum signal.

A move above 60 on the RSI could indicate a stronger bullish conviction. In parallel, the MACD line has crossed above the signal line, and the histogram shows a small positive value of 0.021, suggesting a potential trend shift. Yet, the narrow divergence indicates the current rally lacks force, reinforcing the need for sustained buying volume to fuel further gains.

As of July 8, 2025, traders continue to monitor whether UNI price can maintain a price above $7.30 and break past resistance near $7.50. If successful, the next upside target near $7.80 may come into range, setting the tone for UNI’s short-term market direction.