Uniswap Price Consolidates as Buyers Target $6.20 Breakout

Uniswap coin is showing renewed stability after recent volatility, with technical indicators hinting at a potential recovery phase.

As the token consolidates near a key price zone, market participants are closely watching whether bullish momentum can reclaim control above a critical resistance level.

Highlights Show Tight Range and Key Resistance Zone

In a recent X post, analyst Finora noted that UNI is currently consolidating near its swing equilibrium, reflecting mixed yet slightly bullish momentum. According to Finora’s outlook, resistance is situated around $5.93, representing a key hurdle that must be cleared for a stronger upward move toward $6.20.

Source: X

Support is forming near $5.78, where buyers could potentially defend the current structure if the price retraces. Finora added that the setup currently favors an initial upward push, though momentum cues will be critical in determining whether the coin sustains the move or faces renewed selling. The consolidation pattern reflects a period of market indecision, often preceding a sharp move once the range is broken.

Market Data Reflects Early Signs of Stabilization

According to data from BraveNewCoin, Uniswap is trading at $5.85, marking a 1.92% increase in the past 24 hours. The token’s market capitalization currently stands at $3.51 billion, supported by a 24-hour trading volume of $176.7 million and an available supply of 600.48 million tokens.

Source: BraveNewCoin

Despite recent volatility, the token has managed to maintain steady price action around its current range, suggesting early signs of accumulation. The consistent recovery attempts indicate that selling pressure is beginning to ease, while spot buyers continue to provide underlying support. If market volume continues to rise alongside stable price behavior, the token could establish a firmer base above $5.80 before attempting a breakout toward $6.00–$6.20.

Technical Data Shows Reaccumulation Signs After Leverage Reset

At the time of writing, UNI/USDT was trading near $5.86, attempting to recover after a notable period of downside momentum. The hourly structure displays compression in volatility as candles flatten, signaling a neutral phase that could precede a decisive breakout.

Source: Open Interest

Notably, the TradingView chart reveals a sharp decline in open interest (OI), suggesting that a large number of leveraged positions were liquidated during the recent selloff. Such OI resets often clear excessive speculation, leading to a healthier, more organic market structure driven by spot activity. As open interest rebuilds gradually, a sustained price recovery could emerge if buyers manage to hold the $5.70–$5.60 support zone.

For now, the coin appears to be transitioning from a leverage-driven correction toward a potential reaccumulation phase. A confirmed breakout above $6.10 would likely validate the shift in structure, setting the stage for a push toward $6.30–$6.50 in the coming sessions.