Uniswap Price Prediction: UNI Holds Key Support as Bulls Eye Break Above $11.80

Market participants are closely watching the $11.80 resistance level for signs of a potential breakout. Volume activity and technical positioning indicate sustained interest from both retail and institutional sides.

The 4-hour chart provided by analyst Crypto Chiefs (@cryptochiefss) outlines a well-established horizontal support level near $9.90. This area served as a pivot for a local double-bottom structure, which has since led to a short-term rebound.

Price reclaimed the $10.20 mark, which signals that buyers are actively defending the zone and that selling pressure has been absorbed. The symmetrical nature of the candles near the support base points to a balance between demand and supply with a slight bullish edge.

Source: X

A broader demand block between $8.90 and $9.40 remains untested following July’s breakout. The grey zone highlighted in the chart may act as a strong fallback level if the price reverts below $9.90.

Market participants often view such unfilled liquidity zones as critical for future reaction. As long as UNI trades above the neckline support, the short-term structure remains intact, favoring a revisit of the $11.00 to $11.80 resistance area.

On the 24-hour price chart, UNI gained 6.31% over the session to close near $10.51. Price action during the day featured a breakout above $10.00, followed by tight consolidation between $10.35 and $10.55.

This tightening price range near session highs indicates that profit-taking remains limited and buyers are prepared to defend recent gains. The asset’s strong recovery after brief intraday dips further confirms resilience in the current trend.

Source: BraveNewCoin

Trading volume over the 24 hours reached $594.16 million, confirming that the move was supported by consistent liquidity. The market cap stands at $6.31 billion, with a circulating supply of 600.48 million UNI tokens.

If the token maintains its range above $10.30 and volume persists or increases, a test of the $10.60 resistance becomes more likely. Should selling pressure re-emerge, a retracement toward the $10.00 psychological level remains within expectation, though no breakdown has materialized yet.

At the time of writing, UNI is trading at $10.534 after gaining 1.04% on the day. The Relative Strength Index (RSI) on the daily chart is at 67.66, nearing the overbought threshold of 70 but still signaling strong momentum.

The RSI-based moving average is slightly higher at 68.37, further supporting the strength of the ongoing trend. A move above the 70 level could signal increased buyer aggression and align with a breakout attempt beyond $11.80.

Source: TradingView

Volume remains relatively strong at 78.14 million UNI. Previous spikes in volume have been aligned with breakout candles, confirming that the bullish moves were not isolated or liquidity-driven.

If RSI and volume rise concurrently while price maintains above the $10.30–$10.50 region, UNI may revisit its previous high of $11.929. Traders will likely monitor for any RSI divergence or volume fade as early indicators of trend fatigue. Until then, the technical setup favors continuation within a bullish