The $UNI token, a decentralized governance token based on Ethereum, has maintained sustainable upward momentum for the first time since the beginning of 2025. The cryptocurrency has regained seven bullish weekly candles over the past eight weeks, surpassing a long-term downward trend and forming a traditional bullish structure.
Uni swap bounced from its annual low of $4.551 on April 7, after experiencing one of the sharpest declines in the cryptocurrency market of 2025.
Reflected $UNI
A downward trend lasted for several months with a rise of 70%
The price of $UNI decreased from $19.469 in December 2024, marking a decline of 76.5% in less than five months. However, the reversal of the cryptocurrency's price on April 7 was significant following the massive surge that UNI experienced in the first week of May, which provided a new perspective on the cryptocurrency.
Related: UNI Swap Price Forecast for June 2025: Breakout momentum increasing above key support level
It is worth noting that the rise #UNI in early May tested the critical resistance level at $7.50. Despite the price retreating on the first attempt, investors in the UNI exchange reorganized to push the price above this level, turning it into a support level, confirming that the digital asset is in a new phase of its price evolution.
Analysts expect breaking $8 as the next bullish signal
Meanwhile, UNI tested another significant resistance level last week by rising above the Fibonacci level of 0.236, which coincides with the psychological resistance around the $8 area. The price rose to $8.688 before retreating to close the week at $7.181. However, the decentralized exchange governance token resumed its upward movement with a rise of 14.32% in less than 48 hours.
Related: UNI Swap Price Forecast for June 2025: Can UNI maintain its momentum above $8?
The recent surge of UNI has retried the Fibonacci resistance level of 0.236, with trading volume showing notable momentum signs that may support a confirmed breakout above that resistance. Analysts expect UNI to surpass this level and pave the way for price increases, as $10 appears to be the next notable target for the altcoin.
According to TradingView data, UNI was trading at $7.641 at the time of writing this report, reflecting a 70% increase since regaining its upward momentum on April 7.
