UNI Price Breakout Looms as Buyers Eye $10.75 Target
UNI is trading at $9.13 with a technically bullish structure intact across all major timeframes, but its price action is signaling a tactical inflection point.
The token has been holding its ground despite market volatility and is stacked above its 50-day and 200-day moving averages ($6.55 and $4.15 respectively), indicating a structural trend reversal from the DeFi winter lows.
However, the daily range of $8.58, $9.29 suggests that price tried to extend higher but got capped before reaching the immediate resistance at $9.42. This is not a failure, but rather a coiling, which could be a sign of a bull flag tightening before a breakout.
The technical architecture is bullish, with every timeframe alignment pointing towards higher prices. The Bollinger Band setup reinforces this view, with UNI comfortably in the upper half of its envelope but not yet reaching the upper band at $10.75.