Uniswap Bulls Are Having a Moment (And It’s Not Just the Coffee)

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The breakout from a prolonged consolidation period has shifted sentiment in the DeFi sector, with UNI now trading above levels last seen in early 2024. 📈😂

Analysts are monitoring this movement as a possible signal of a longer-term trend reversal. At the time of writing, UNI remains positioned above the $10.00 threshold, signaling sustained buying pressure. 🤯📈

Breakout Above $10.00 Revives Long-Term Upside Prospects

Analyst @CryptoBull_360 highlighted a decisive move on the UNI/USDT daily chart, where Uniswap surged past a horizontal resistance band between $9.60 and $10.80. This zone, which had capped price advances since March, was previously a key support region during late 2023 and early 2024. 🐂🔥

The recent breakout marks a shift in market structure, signaling a change from sideways action to a potential bullish trend. 📊😎

The move also represents a technical reclaim of higher levels, with price now printing higher lows and attempting to sustain momentum. The projected upside target of approximately $18.40 is based on the height of the prior consolidation range applied to the breakout level. 🧮💥

If the price holds above this reclaimed zone, it could act as a solid support base. The long-term significance of breaking out of such a well-defined range lies in its potential to accelerate further gains, especially if market conditions remain favorable. 🚀💼

Short-Term Volatility Accompanies Moderate Gains

The 24-hour chart shows UNI closed at $10.18, posting a 2.74% gain for the period. Early in the session, price action moved above $10.50, peaking around $10.65 before encountering resistance. 🎢💸

A gradual pullback followed, and the token returned toward the $10.00 zone. This movement reflects the volatility typically associated with fresh breakouts, where early buyers often lock in profits after initial surges. 📉💰

During the late hours of July 18 through to July 19, UNI’s trajectory showed signs of consolidation. The price temporarily dipped below $10.00 but rebounded to $10.25 before closing lower. 🔄📉

Despite modest recovery attempts, trading volume during the rebound remained stable, indicating measured buying interest. With $1.49 billion in daily volume and a market cap of approximately $6.11 billion, UNI maintains its position as a top-tier DeFi asset. 🏆💎

Technical Indicators Signal Strength at Time of Writing

On the daily chart from TradingView, Uniswap is trading at $10.311 after a 1.71% intraday gain. The rally, which began in mid-June, continues to form higher highs and higher lows—key components of a bullish trend. Price action is situated above the middle Bollinger Band (20-day SMA) at $8.223, confirming strong bullish bias. 📈⚡

The upper Bollinger Band now curves upward near $10.261, and price remains in contact with this level, suggesting persistent buyer dominance. 🧙‍♂️📉

The Bollinger Band Power (BBP) indicator supports this trend continuation, with its recent value at 2.387. This metric has shifted to a positive value after months of low activity, indicating rising volatility in a bullish direction. The previous contraction phase between April and June has now transitioned into expansion, a pattern often associated with new directional moves. 🧠🌀

While intraday wicks hint at profit-taking, the broader structure remains intact. As long as UNI sustains its position above the $8.223 basis, upward movement toward $12.83 or higher remains plausible. 🚀📈

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2025-07-19 21:05