Uniswap has pushed above key resistance levels, signaling the continuation of a bullish phase that began in late June.
As of writing, UNI trades around $9.25, with strong momentum and growing volume backing the price action. Analysts point to a stable funding rate and breakout formations across multiple timeframes as signs of ongoing trader confidence. With on-chain metrics aligning with price structure, the token eyes further expansion.
Analyst Identifies Inverted Head and Shoulders Breakout
The 30-minute UNI/USDT chart shared by analyst Crypto Joe (@CryptoJoeReal) highlights a textbook Inverted Head and Shoulders formation, a classic bullish reversal pattern. The neckline breakout occurred near the $8.50 level, supported by a noticeable uptick in volume and confirmation through a 1.02% gain to $8.598. Price currently holds above the 50-period moving average, reinforcing bullish momentum and validating support.
Source: X
According to Crypto Joe, the projected upside target is $8.925, calculated using the depth of the pattern from the head to the neckline. Post-breakout consolidation below $8.70 signaled preparation for further gains, as the price formed higher lows with buyers stepping in consistently. The setup remains technically valid so long as UNI maintains above $8.50, with volume sustaining the breakout structure.
BraveNewCoin Chart Signals High Participation and Capital Rotation Toward UNI
Additionally, BraveNewCoin’s 24-hour data captures an 8.88% gain in UNI, with price reaching $9.27 after breaking out from a consolidation zone between $8.00 and $8.50. The surge was driven by significant volume exceeding $767.66 million, indicating heavy participation from both retail and institutional players. The movement from accumulation to breakout reflects a typical trend structure observed during coordinated market rotations.
Source: BraveNewCoin
The market capitalization now exceeds $5.56 billion, placing UNI at rank #33 with 600 million tokens in circulation. This increase in rank and liquidity reinforces the bullish bias, with investors responding to technical and on-chain triggers. Sustained accumulation above the $9.00 level would affirm ongoing strength, especially as the token attracts broader market visibility.
Console Future Highlights Multi-Timeframe Bullish Structure on TradingView
On the one hand, Console Future (@ConsoleFuture) shared a multi-panel TradingView chart showing UNI’s consistent positioning above the 50-period and 200-period moving averages across intraday timeframes. Widening green Ichimoku clouds and bullish RSI readings support the trend, with volume spikes confirming breakout candles across panels. The upper-right breakout toward $8.80 was followed by bullish consolidation, underlining a solid technical base.
Source: X
The perpetual futures funding rate remains stable at 0.01%, suggesting a neutral-to-positive sentiment. Console Future attributes this to balanced long-short exposure, which has helped maintain a controlled rally. UNI’s $5.6 billion market cap and $9 billion fully diluted valuation indicate moderate upside relative to circulating supply.
Source: TradingView
On the other hand, the daily chart from TradingView at the time of writing further reinforces the bullish thesis with a MACD crossover, now showing a histogram of 0.164 and MACD line at 0.474 versus a signal line of 0.309. RSI at 68.64 is approaching overbought territory but still within trending levels.
An additional view from analyst Crypto Joe confirms the trend remains favorable so long as these indicators hold. The continuation pattern aligns with bullish sentiment as long as UNI trades above the moving average and Ichimoku cloud support.
Source: https://bravenewcoin.com/insights/uniswap-price-prediction-technical-breakout-holds-above-support-with-stable-0-01-funding-rate-toward-10