coindesk.com
Uniswap's native token $UNI extended its recent recovery rally, brushing off macroeconomic pressure as investors looked past heightened global trade tensions.
The token climbed steadily from $6.09 to $6.40, establishing key support above the $6.30 level.
Market volatility remains elevated, fueled by geopolitical risk and speculation surrounding rate cuts in Europe and the U.S.
Still, $UNI appears to be benefiting from risk rotation as traders seek upside in altcoins, with price holding firm despite choppy conditions.
A sharp spike in volume during the early hours of the session, particularly at $6.5557, marked a potential short-term top.
However, subsequent pullbacks were met with aggressive buying, reinforcing a bullish bias and keeping $UNI on track for further gains — provided it can sustain price action above the $6.30-$6.33 zone.
Technical Price Highlights
- $UNI exhibited strong bullish momentum over 24 hours, climbing from 6.09 to 6.40, representing a 5.09% gain despite significant price swings.
- The token established a clear uptrend with higher lows until encountering resistance at 6.57, followed by a sharp rejection with abnormally high volume (3.89M) at 02:00, creating a high-volume resistance zone.
- Support has formed around the 6.30-6.33 range where buyers consistently stepped in, while the overall range of 0.49 (8.07% of starting price) demonstrates substantial volatility.
- In the last hour, $UNI experienced significant volatility with a notable recovery pattern, dropping to 6.36 before establishing higher lows and highs.
- Volume spiked dramatically to 56,320 at 07:59, confirming buyer conviction at these levels.
- Price action formed a clear support zone around 6.38-6.39, while resistance near 6.41 was tested multiple times.
- Consolidation above 6.40 suggests potential continuation of the broader bullish momentum.