Uniswap is currently hovering near a decisive support level that may shape its short-term market direction.
The recent market retracement brought the coin toward the lower boundary of a key demand region, where buyers have historically shown interest. While momentum remains soft, price behavior around this area has prompted analysts to examine the potential for a relief bounce if buyers maintain strength.
Analyst from X Highlights Critical Support Area Between $4.70 and $5.00
In a recent commentary shared on X, market analyst @ImCryptOpus identified the $4.70–$5.00 range as a major demand zone that has historically functioned as a stable base during corrective phases. The analyst noted that this region has frequently acted as a pivot for liquidity buildups, leading either to sideways consolidation or counter-trend rebounds.
Source: X
Price movement over recent weeks has been characterized by a sequence of lower highs, reflecting a persistent downward structure. According to the analyst, this configuration indicates controlled selling pressure rather than capitulation. However, the proximity to the identified support zone opens the possibility for a liquidity sweep, a move where the price momentarily dips below support to clear positioning before rebounding.
If buyers sustain this region, the next notable resistance targets lie around $6.75 and $7.25, areas previously respected as structural pivot zones.
Market Data Points to Price Stabilization Attempts
According to BraveNewCoin data, Uniswap is trading around $5.24, marking a modest 0.71% increase in the past 24 hours. The asset currently holds a market capitalization of approximately $3.29 billion, with 24-hour trading volume near $355.82 million.
Source: BraveNewCoin
Trading volume trends indicate sustained participation despite recent fluctuations, implying that the market remains active rather than exhausted. Consolidation patterns observed over the past sessions align with typical stabilization behavior seen near multi-month support levels.
This price band remains a focal point where long-term holders, short-term participants, and algorithmic liquidity engines converge. The ability to sustain candle closes above the $5.00 threshold is viewed as essential to preventing further reactive downside.
TradingView Indicators Reflect Weak Momentum
At the time of writing, UNI/USDT trades near $5.27, positioned just above the lower Bollinger Band around $5.18. Price remains well below the Bollinger basis line near $6.02, reinforcing the existing downward trend structure.
Source: TradingView
The Relative Strength Index (RSI) registers at 33.36, with its signal average near 38.01, indicating that the coin is trading close to oversold levels. Historically, readings within this band have preceded short-term upside attempts, though analysts emphasize that confirmation requires both expanding volume and a structural bullish reclaim of the $5.20–$5.30 zone.