Uniswap Price Today: UNI Holds $7.73 as Analysts Eye Channel Targets up to $25
The post Uniswap Price Today: UNI Holds $7.73 as Analysts Eye Channel Targets up to $25 appeared on BitcoinEthereumNews.com.
Uniswap’s price action is drawing attention as the token consolidates near $7.73, up 3.18% in the past 24 hours. The move comes as the coin trades on a critical support and resistance level that has repeatedly acted as a pivot throughout previous cycles. Market participants are closely watching this zone, with some analysts suggesting it offers a favorable risk-to-reward setup for long-term buyers despite recent downside pressure. Key Pivot Zone Sets the Stage A chart shared by analyst Part-Time Trader highlights UNI’s behavior within a long-term ascending channel. Price has consistently respected this channel since its inception, establishing a structural framework that traders have used to anticipate major price movements. At present, the asset is positioned on a key support and resistance zone around $7.36–$7.73, a level that has historically dictated directional shifts. Source: X The analyst suggests that this zone could serve as a springboard for accumulation, with the first upside target around $15 if buyers regain momentum. This mid-range level has acted as heavy resistance in the past, repeatedly rejecting bullish attempts. A clean break and hold above $15 would confirm strength and open the path toward a higher target around $25–$26, which coincides with the channel’s upper trendline. For now, the coin’s ability to defend its current zone will determine whether it builds the foundation for such an advance or slips back into prolonged consolidation. Balancing Risk and Opportunity Additionally, with a market cap of $4.64 billion and daily trading volume near $196 million, Uniswap remains one of the more liquid and closely followed assets in the DeFi sector. Its position within a well-defined ascending channel offers both clarity and caution: the long-term framework is intact, but near-term weakness is undeniable. Traders are split between waiting for confirmation of strength above resistance and attempting early entries around…
