Uniswap (UNI) Holds Steady at $8.27 as Buyers Test Major Resistance

After a solid rebound from its recent lows, Uniswap’s governance token is now approaching a crucial resistance level that could determine its next directional move.

The asset’s consistent climb through October has drawn renewed market attention, with traders watching whether the token can sustain its momentum above key technical barriers.

Resistance Zone in Focus

In a recent post on X, market analyst CW highlighted that the next sell wall for UNI sits at $9.60, where historical rallies have often stalled. The chart illustrates how the token has rebounded sharply from lower levels, with price action now pressing into a significant resistance cluster marked in red.

This area represents a zone where prior uptrends encountered strong selling pressure, prompting either reversals or consolidation phases.

Source: X

Below the resistance, key support regions are highlighted in green, areas where past declines found strong demand and reversal momentum.

CW noted that if the asset faces rejection near resistance, a corrective move toward these supports could follow. However, a successful breakout above $9.60, backed by increasing volume, could signal a broader trend reversal and potentially open the path toward higher targets.

Market Overview: UNI Trades Flat After Recovery

According to BraveNewCoin data, Uniswap is currently trading at $8.27, reflecting a slight -1.04% dip over the past 24 hours. The token maintains a market capitalization of $4.96 billion and a 24-hour trading volume of $249.1 million, ranking it among the top 40 cryptocurrencies by market size.

Source: BraveNewCoin

The recent pullback follows a period of sustained recovery from September’s lows, where the crypto established a solid base around $7.50 before rebounding toward the $8 range.

The coin’s support and resistance dynamics remain well-defined: a sustained move above $8.80 could pave the way for a retest of the $9.60 barrier, while failure to hold current levels may lead to renewed tests of near-term support around $7.80.

Technical Indicators: Early Signs of Momentum Rebuilding

At press time, UNI/USDT is trading at approximately $8.28, hovering slightly above the Bollinger Band basis line (8.27) — a level that often acts as a pivot for short-term direction. The upper and lower bands, at $9.57 and $6.97 respectively, frame the current trading range, suggesting potential for a volatility expansion as the token attempts to regain bullish traction.

Source: TradingView

The Chaikin Money Flow (CMF) indicator stands at 0.06, indicating modest yet positive buying pressure. This aligns with mild accumulation, as investors gradually position near support levels in anticipation of a potential breakout. Sustaining a CMF above the zero line typically supports a bullish bias, reinforcing the idea that inflows are beginning to outweigh distribution.

Taken together, these technical signals reflect a constructive but cautious setup for the token. While the token remains below its key resistance, maintaining price above the middle Bollinger Band and sustaining positive money flow strengthen the case for an eventual upward continuation.