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Uniswap Price Prediction: UNI Eyes $7.80 as Bulls Hold Key Support Level

  • Uniswap (UNI) is trading between $7.20 and $7.60, with technical indicators signaling market consolidation and rising speculative interest in derivatives.
  • The surge in UNI derivatives open interest indicates increased speculative engagement, potentially leading to a price breakout, with resistance at $7.60 and a possible target of $7.80.
  • Intraday price movements show UNI experiencing incremental buying pressure with higher lows and moderate volume support, indicating genuine interest in the asset.
  • Technical indicators suggest mild bullish momentum for UNI, with consolidation between $6.80 and $7.50, RSI above midpoint, and MACD signaling a potential trend shift contingent on sustained buying volume.

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