UNI Hits Resistance at $4.43 in Crucial Test for Recovery

Uniswap's native token, UNI, has made significant strides in recent days by reclaiming ground above major moving averages. However, its recovery faces a crucial test as it attempts to break through resistance at $4.43. The current price of UNI is $4.28, down 2.08% on the session, after failing to surpass the $4.45 level earlier in the day.

The token's recovery has been characterized by a methodical approach rather than a speculative spike, with its 7-day, 20-day, 50-day, and 200-day simple moving averages all stacked below the current price. This alignment suggests that UNI is benefiting from regulatory clarity in the United States, which has shifted from an existential threat to a manageable headwind.

Despite this bullish foundation, momentum has stalled exactly where sellers were expected to show up. The MACD histogram is sitting at dead zero, indicating that the bullish impulse that carried UNI from the $3.79 range has been fully absorbed. Buyers and sellers are currently locked in a standoff.