Uniswap (UNI) Holds at $8.09 as Bulls Defend Key Resistance Zone

Uniswap’s native token is hovering around $8.09, testing a decisive resistance area after a recent recovery rally.

The token’s price action has tightened, suggesting an imminent breakout as traders weigh whether current market momentum is strong enough to sustain another upward move. With bulls struggling to clear the $8.20 barrier and sellers showing renewed activity, the asset’s next move could set the tone for its short-term market structure.

Rising Price Faces the $8.20 Barrier

In a recent analysis shared by CW on X, the chart highlights how Uniswap has been staging a notable recovery after a prolonged downward phase. The price has rallied from recent lows, moving into a key resistance area marked in red just below $9.60, identified by the analyst as a potential “sell wall.”

Source: X

Currently, the coin is trading just below $8.20, showing that bulls are testing critical territory but struggling to maintain upward momentum. The candlesticks reflect clear indecision, with long wicks on both ends indicating simultaneous buying interest and selling pressure. Historically, such behavior near resistance zones often precedes decisive volatility spikes.

On the downside, support remains strong around $7.80, forming a short-term range where buyers have previously stepped in to absorb sell pressure. If the memecoin fails to push through the $8.20 level, the price could revisit this support area before attempting another breakout.

Market Overview: UNI Holds Firm Despite Pullback

According to BraveNewCoin data, Uniswap is currently priced at $8.09, reflecting a 2.75% decline in the last 24 hours. The token’s market capitalization stands at $4.85 billion, with a daily trading volume of $304.9 million and a circulating supply of 600.48 million tokens.

Despite the short-term correction, the asset remains one of the leading DeFi assets by market cap, continuing to attract both retail and institutional traders.

Source: BraveNewCoin

The market structure shows that the token has maintained higher lows since its late-September dip, suggesting underlying demand is still present. However, resistance near $8.20 remains a critical inflection point. A confirmed breakout above this level could pave the way toward $8.50–$8.70, while a rejection might lead to a retracement toward $7.40–$7.50, where previous demand clusters are visible.

Technical Indicators Signal Mixed Momentum

At the time of writing, UNI/USDT is trading at $8.18, hovering just below resistance. The Relative Strength Index (RSI) sits in a neutral zone, neither overbought nor oversold, reflecting balanced momentum. However, the MACD indicator shows the MACD line crossing below the signal line, suggesting that short-term bullish strength may be fading.

Source: TradingView

Volume analysis from TradingView reveals a noticeable increase in trading activity, signaling heightened interest as the coin tests key technical levels. The Chaikin Money Flow (CMF) remains slightly positive at 0.02, indicating weak but persistent buying pressure — an early sign of accumulation. Meanwhile, the MACD histogram reading of 0.048 shows a potential easing of bearish momentum, hinting that a bullish crossover may form if buying volume increases.