Uniswap Rebounds After Key Support Retest as Analysts Eye Renewed Momentum

Uniswap (UNI) is entering a pivotal phase following a successful retest of its crucial long-standing support region between $7.00 and $7.20, as noted by analyst FOUR | Crypto Spaces. This successful defence of the accumulation zone, which previously led to a short-term breakout, suggests the asset's structural trend remains intact, making a potential push toward the $7.50 to $8.00 range realistic if buying pressure continues. This positive outlook is supported by broader market stability, evidenced by Chainlink (LINK) showing resilience and gaining 3.10% to $13.72. Furthermore, technical indicators on TradingView suggest tightening conditions: UNI remains above the Bollinger Bands' baseline, and the bands are compressing, signaling impending volatility expansion. The MACD also remains positive, indicating stabilizing underlying momentum, which supports the expectation that UNI may soon test higher resistance levels.

(Source：Brave New Coin)