• Uniswap price is traversing an ascending parallel channel consolidation since February 20.
  • A bounce from the lower trend line suggests a 25% upswing to the upper boundary.
  • Transactional data and other on-chain metrics add to UNI’s bullish thesis.

The Uniswap price is undergoing a bounce that could propel it closer toward the upper boundary of a technical pattern.

Uniswap price primed for new highs

On the twelve-hour chart, the Uniswap price has created an ascending parallel channel formed by connecting the series of higher highs and higher lows using trend lines. This technical formation has a bearish bias that is triggered only after the lower boundary is shattered.

At the time of writing, UNI seems to have produced a 16% surge after setting up the third swing low. A continuation of this upswing will mean a 25% bull rally toward the upper trend line at $39.12.

UNI/USDT twelve-hour chart

UNI/USDT twelve-hour chart

Adding credence to the buyers’ narrative is IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model revealing that 10,500 addresses holding roughly 261 million UNI tokens were purchased at an average price of $27.95. 

Hence, these investors will absorb any short-term bearish momentum. On the flip side, the density of resistance levels is relatively low, suggesting a slight surge in buying pressure could topple these barriers.

Uniswap IOMAP chart

Uniswap IOMAP chart

Supporting this upswing narrative for the DeFi coin is a massive spike in exchange outflow for UNI tokens. Specifically, 1 million UNI tokens moved out of exchange platforms, suggesting that the investors are optimistic about Uniswap’s bullish potential.

Additionally, the supply of UNI tokens on exchanges as a percent of total supply saw a 2.5% reduction since April 3.

Both the metrics display a reduced number of UNI tokens on exchange platforms, which is bullish since it effectively reduces the selling pressure.

Uniswap exchange outflow and exchange supply chart

Uniswap exchange outflow and exchange supply chart

The whales holding 1,000,000 to 10,000,000 UNI tokens have been on an accumulation spree since March 11. A total of 10 new high net worth investors have joined this category, further reinforcing the bullish outlook surrounding the Uniswap price.

Uniswap whale holder distribution chart

Uniswap whale holder distribution chart

Although the on-chain metrics point to a bullish narrative for the DeFi coin, the Uniswap price is not in the clear. A sell-off that slices through the 50 Simple Moving Average (SMA) at $30.26 and the 100 SMA at $28.29  on the twelve-hour chart will signal failing optimistic momentum.

However, a decisive close below $27.95 will invalidate the upward trajectory and catalyze a new downtrend. In such a scenario, the Uniswap price might drop 21% to the demand barrier at $22.06.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Crypto Gainers Price Prediction: CRO, ZEC, FLOKI struggle to extend gains after double-digit rise

Crypto Gainers Price Prediction: CRO, ZEC, FLOKI struggle to extend gains after double-digit rise

Layer-1 cryptocurrencies Cronos (CRO) and Zcash (ZEC), alongside the meme coin Floki (FLOKI), recorded a double-digit rise on Tuesday, outpacing the market in 24-hour gains at press time on Wednesday. However, as the crypto gainers reach crucial resistances, momentum wanes, and the struggle to extend gains begins.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC holds ground while ETH and XRP eye further gains 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC holds ground while ETH and XRP eye further gains 

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) present a mixed but optimistic outlook midweek as BTC holds steady while ETH and XRP show signs of renewed bullish momentum. The largest cryptocurrency by market capitalization is stabilizing at a critical support level as traders await a catalyst.

Cronos surges 20% on inclusion in Trump Media's Blue Chip ETF

Cronos surges 20% on inclusion in Trump Media's Blue Chip ETF

Crypto.com's native token Cronos (CRO) saw double-digit gains on Tuesday following Trump Media and Technology Group's (DJT) filing with the Securities & Exchange Commission (SEC) to launch a Blue Chip exchange-traded fund (ETF).

Bitcoin volatility drops to third-lowest level since 2012 amid rise in BTC treasury companies

Bitcoin volatility drops to third-lowest level since 2012 amid rise in BTC treasury companies

Bitcoin (BTC) trades above $108,000 on Tuesday following a steady decline in its volatility in the first half of the year, marking the third-lowest H1 volatility since 2012. The decline comes despite increased Bitcoin treasury adoption among publicly traded companies, with NYSE-listed Sequans Communications (SQNS) raising $384 million to fund its Bitcoin treasury.

Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end

Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end

Bitcoin (BTC) closed a strong second quarter (Q2), recording nearly 30% in quarterly gains amid rising corporate and institutional demand and bullish market sentiment.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

BTC

ETH

XRP