“UNI has jumped 70% since its April bottom, with a bullish setup forming and a 24% rise logged in the last 30 days.”

UNI Soars 70% From April Lows, Signals Bullish Trend Shift

Uniswap’s governance token, UNI, has staged a strong rebound, jumping 70% from its yearly bottom of $4.551 on April 7 to trade above $7.46 as of Tuesday. The token has logged gains in seven of the past eight weeks, marking its most consistent winning run since early 2023, and has now cleared crucial resistance levels that had capped previous rallies.

The price surge hints at a classic bullish reversal pattern, transforming a prolonged downtrend into a sharp V-shaped recovery supported by robust buying interest. Key support has emerged around $7.14–$7.17, where bulls stepped in after an earlier dip to sustain upward momentum.

This support zone now defines the lower end of UNI’s short-term trading range. While profit-taking near $7.52 has led to some sideways movement, the chart’s higher lows and strong volume around key levels suggest that further upside could be on the horizon. A clean break above $7.60 could cement UNI’s shift into a broader bullish trend.

Technical Highlights

Over the past 24 hours, UNI traded between $7.142 and $7.792, swinging 8.7% intraday.
The sharpest sell-off dropped UNI to $7.142 around 10:00, accompanied by a volume spike of 3.96 million—about 78% higher than the daily average.
Intense buying followed, driving volume up to 4.69 million and sparking a rapid V-shaped recovery.
Prices rebounded to $7.578 by 15:00 before encountering resistance and consolidating.
At 17:33, UNI briefly dipped to $7.37 but swiftly bounced back between 17:37 and 17:39, with volume nearly tripling the hourly average.
The session’s high reached $7.53 during the 18:00 candle, representing a 5.8% gain from the hour’s low on volume of 162,000.
Despite profit-taking around $7.52, UNI stayed firm above mid-range, preserving its upward momentum and solidifying the emerging uptrend.