Uniswap Price Prediction Signals Bullish Reversal Toward $9.91 After Falling Wedge Breakout

Despite recent weakness, analysts highlight renewed buying momentum that could lift the token toward the $9.91 price target.

The asset’s technical structure shows signs of a shift in market sentiment, even after posting notable losses over the past 24 hours. A pattern-supported bounce has now captured trader attention.

The 30-minute UNI/USDT chart highlights a classic falling wedge pattern, which typically signals a reversal from bearish to bullish momentum.

The pattern began forming after the token dropped from above $10.20 to a session low near $8.95. The price action created a narrowing set of lower highs and lower lows, reflecting decreasing bearish pressure as the session progressed.

Source: X

As the wedge neared completion, a breakout occurred near $9.35, with UNI rising slightly above $9.39 by the time of chart capture. A surge in trading volume accompanied this breakout, reinforcing the signal’s reliability.

The presence of strong buy-side volume is a key confirmation of wedge breakouts, as it often leads to follow-through in price. Technical analyst Crypto Joe has projected a near-term upside target of $9.91 based on the height of the wedge added to the breakout level. This aligns with a previous resistance band near $9.95–$10.00.

The wider 24-hour trading window for UNI reveals significant downside pressure. The token fell by 8.60% over the period, dropping from above $10 to close at $9.26. This extended drawdown was driven by a steady decline throughout the day, without major intraday rebounds.

Price action showed a consistent pattern of lower highs and lower lows, indicating that bearish momentum dominated the trading session.

Source: BraveNewCoin

A brief pause in selling occurred near the $9.40–$9.50 zone, but no significant recovery followed. This lack of upward pressure suggests cautious sentiment among buyers. Volume during the session reached approximately $592.63 million, higher than average, signaling heightened selling activity.

If the price fails to reclaim the $9.30 range, analysts will be watching the $9.00 psychological level as the next immediate support, followed by structural backing near $8.70.

As of August 1, 2025, Uniswap trades at $9.231 after falling from a recent peak of $11.686. The daily chart reflects a correction phase after a strong uptrend. Multiple red candles have emerged, pushing the price back toward a prior consolidation zone.

This movement suggests a temporary loss of momentum among buyers and renewed control from sellers around the $9.00 level.

Source: TradingView

Technical indicators show clear bearish signals. The MACD histogram has turned negative at -0.212, while the MACD line (0.445) has moved below the signal line (0.658), indicating a bearish crossover. Additionally, the RSI has dropped to 47.44, signaling reduced strength without entering oversold territory.

If the RSI trends below 45, it could open further downside. However, consolidation may occur if buying support reemerges in the current zone. Overall, momentum remains neutral to bearish, though a reversal may develop if current price levels stabilize.