Uniswap Price Seeks Breakout at Key Resistance Zone

The Uniswap (UNI) price has been on a strong recovery path since mid-June, increasing by nearly 68% to trade near $3.82 at the time of writing.

This steady climb has been characterized by higher highs and higher lows, indicating sustained buying interest as bulls regained control of the trend.

Currently, UNI is trading just below the key resistance zone of $3.95-$4.05, a level that has rejected multiple breakout attempts since February.

A successful breakout above this supply region would confirm a bullish continuation pattern and potentially open the door for a move toward the psychological $5.00 level.