Uniswap (UNI) Technical Outlook – Price Pulls Back Toward Key Support After Sharp Rally

Uniswap (UNI) is undergoing a mild correction after a strong rally earlier this week. The price is currently hovering around $7.62, retracing from recent highs near $8.16 (0.618 Fib level) while testing immediate support at the 0.5 Fib retracement ($7.51).

The 20 EMA ($7.79) now acts as short-term resistance, with the 50 EMA ($6.99) providing a critical support zone if selling pressure extends further. Below this, the 0.382 Fib ($6.86) and 200 EMA ($6.57) serve as strong downside cushions.

Despite the pullback, the overall trend remains bullish as UNI maintains higher lows and continues to trade above major moving averages. A decisive rebound above $7.80–$8.20 could open the door for another leg up toward $9.09 (0.786 Fib) and potentially $10.28 (Fib 1.0 target).

The RSI (50.7) has cooled off from overbought territory, suggesting that the market is resetting momentum and may soon prepare for another upside attempt.

📊 Summary:

Trend: Short-term correction within a bullish structure

Support: $7.51 / $6.86 / $6.57

Resistance: $7.79 / $8.16 / $9.09

Outlook: Holding above $7.50 keeps the bullish bias intact; recovery above $8.20 may trigger a retest of the $9+ zone.

$UNI
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