Uniswap Price Coils at $3.96, Bull Case Favors $4.35 Target
Uniswap's price is coiled at $3.96, with smart money sitting 56.9% long and takers aggressively buying.
The market is currently stuck in neutral, waiting for someone to make the first move, as price is pinned within a hair of every short-term moving average that matters.
However, the macro trend is intact and tilted upward, with UNI trading 12% above its 50-day and 200-day SMAs at $3.53 and $3.48.
The MACD histogram reads exactly zero, which isn't a bearish signal but rather a momentum crossroads that can resolve violently in illiquid crypto markets.
With RSI at 54 and Stochastic %K at 31.85, internal momentum is softer than price is letting on, and Bollinger Bands confirm the standoff with UNI parked almost exactly at the midpoint of a $3.56, $4.35 range.