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Uniswap Price Prediction Highlights Market Recovery Amid Bullish Momentum
According to recent insights shared by analysts and data compiled by Brave New Coin, the token has sustained a constructive structure following a key breakout. Uniswap (UNI) price prediction is showing early signs of a market rebound, backed by a combination of bullish chart patterns and moderate technical momentum.
Over the past 48 hours, price activity has reflected a potential turnaround despite minor retracements. With the broader crypto market stabilizing, UNI’s recovery narrative is gaining traction, supported by identifiable technical setups.
A bullish pennant and flag pattern have formed on the 1-hour UNI/USDT chart, according to a recent post by market analyst Crypto Joe (@CryptoJoeReal). This classic consolidation phase within converging trendlines typically associates with bullish continuation. Following this breakout, the price moved towards the $7.40–$7.50 range before encountering short-term resistance.
This move suggests that market participants are starting to re-engage following a period of reduced volatility. The pennant’s formation and breakout are further supported by volume dynamics, as buying volume increased during the breakout phase.
Additionally, the 200-period moving average, positioned around $6.94, has served as a critical support level. As long as UNI holds above this region, upward potential remains intact.
One analyst projects a potential target of $8.477, assuming continued adherence to the current bullish structure. However, if the price falls below the pennant’s trendline, a retest of key support around $6.90 could follow.
Despite minor fluctuations, UNI maintains a market capitalization of approximately $4.25 billion, ranking it at number 35 among all cryptocurrencies, according to Brave New Coin data.
Source: bravenewcoin.com
