Uniswap’s UNI Token Climbs 70% Off April Lows, Carving Out V-Shaped Rebound

Uniswap’s governance token UNI has staged an impressive turnaround, surging 70% from its yearly low of $4.551 on April 7 and trading above $7.46 on Tuesday. The token has now recorded gains in seven of the past eight weeks — marking its strongest winning streak since early 2023 — and has firmly broken through key resistance levels that previously halted its recovery.

UNI’s price action signals a classic bullish reversal, transforming what had been a persistent downtrend into a sharp rebound with solid support and renewed optimism surrounding Uniswap’s role in on-chain governance and DeFi markets. A strong base has formed around $7.14–$7.17, where buyers stepped in to absorb an earlier sell-off and re-established momentum.

This support area now defines the lower end of UNI’s current trading range. The recent rally drove prices through prior local highs, although profit-taking near $7.52 has introduced some short-term consolidation. Still, the pattern of higher lows and strong trading volume around pivotal price levels suggests the uptrend could persist. A decisive move above $7.60 would likely confirm a broader bullish momentum shift.

Technical Analysis Insights

• UNI traded between $7.142 and $7.792 over the past 24 hours, reflecting an 8.7% intraday swing.
• The day’s sharpest sell-off bottomed at $7.142 around 10:00, accompanied by a volume spike to 3.96 million — 78% above the daily average.
• In the following hour, buying surged, pushing volume to 4.69 million and sparking a V-shaped rebound.
• Prices climbed to $7.578 by 15:00 before encountering resistance and moving into a brief consolidation.
• At 17:33, UNI dipped to $7.37, but quickly rebounded between 17:37 and 17:39 as volume surged to nearly triple the hourly average.
• The token reached a session high of $7.53 during the 18:00 candle, marking a 5.8% gain from the hour’s low on volume of 162K.
• Despite some profit-taking near $7.52, UNI held its ground above mid-range, extending the rally and solidifying the emerging uptrend.