Uniswaps Governance -Token continues its impressive comeback and trades over $ 7.46 Tuesday after collecting 70% from its annual low at $ 4,551 on April 7. The token has logged seven weekly winnings in the last eight weeks – the longest positive stretch since the beginning of 2023 – and now is permanent trade over the most important resistance levels that are limited previous recovery attempts.
The wider structure now reflects a classic bullish reversing, with a prolonged downward, leaving room for sharp rebounds, strong support formation and improving the mood of Uniswap’s on-chain management and market role. Buyers absorbed a sharp move earlier on the session and quickly stepped back in and established a new base around $ 7.14- $ 7.17.
This support zone now defines the lower limit of the token’s recent trade area. The latest rally saw the token push through previous local heights despite some intraday profits near the $ 7.52 mark. The consistent pattern of higher low and strong volume near key bending points indicates a potentially sustainable emergence, although a pure break over $ 7.60 would probably be needed to confirm a full momentum change.
Technical analysis highlights
- Uni traded in a 24-hour range of $ 0.650 from $ 7.142 to $ 7.792, reflecting 8.7% intraday volatility.
- A sharp sale tied to $ 7,142 over 10:00 hours of volume that spiked at 3.96 million-78% over the daily average.
- The following hour, volume rose to 4.69 million when buyers stepped in and triggered a V-shaped improvement.
- The price reached $ 7,578 with 15:00 before resistance and temporary consolidation.
- At. 17:33 UNI dipped for $ 7.37, followed by a wave between 17:37 and 17:39, with volume rising to almost 3x hourly average.
- The price peaked with $ 7.53 during 18:00 candles with a volume of 162K, representing a 5.8% gain from the hour low.
- Despite some profits near $ 7.52, the price action was complied with over the middle area, which extends the recovery to a more defined increase.
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