- Uniswap (UNI) has broken above the upper Bollinger Band, backed by rising volume and open interest, signaling bullish strength.
- If UNI holds above $8.20, it could climb toward the $9.10–$9.50 resistance zone.
Uniswap (UNI) is back in the spotlight after breaking above the upper Bollinger Band — a classic sign of potential upside. With a recent surge in trading volume and open interest, UNI is now eyeing a move toward the $9.00 mark, a level not seen in recent weeks.
Uniswap Climbs Above Key Resistance With Volume Support
Uniswap’s price recently pushed past the $8.40 resistance level, closing the day at $8.47 after peaking near $8.55. This marks a 1.66% daily gain, backed by a sharp rise in trading volume which soared to $688.98 million. The increased activity reflects genuine demand, signaling a strong shift in trader sentiment.
UNI’s performance has placed it comfortably above the psychologically significant $8.00 level. The token’s $5.08 billion market cap now ranks it 36th among digital assets, and the climbing volume-to-market-cap ratio suggests growing market engagement.
Bollinger Band Breakout Signals Fresh Strength
UNI’s recent rally follows a period of tight consolidation between $6.90 and $8.00. The breakout above the Bollinger Band at $8.427, coupled with expanding bands, signals rising volatility and strong upside potential.
Supporting indicators such as the MACD reinforce the bullish case. The MACD line at 0.332 remains above the signal line at 0.196, while the histogram has turned green, indicating continued bullish pressure. If UNI maintains its current pace, it could test the $9.10 to $9.50 resistance zone in the short term.
Short-Term Outlook: $8.20 Support Must Hold
The 1-hour chart shows a clear uptrend that began on July 6, lifting UNI from below $7.00 to nearly $8.60. Price action remains bullish, though some consolidation near $8.45–$8.60 suggests resistance could be building.
Open interest peaked above 6.1 million contracts during the rally, showing strong capital inflow. Although there’s been a slight dip in OI since July 9, current levels still reflect elevated market interest.
To maintain this bullish structure, UNI needs to hold support above $8.20. If it slips below, a pullback toward the $7.30–$7.50 zone becomes likely. However, if volume and OI stay strong, a run to $9 remains firmly on the table.
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