Date: Sun, July 06, 2025 | 06:30 AM GMT
As Q3 begins, the crypto market sustains its strong Q2 momentum. Ethereum (ETH) spearheads the surge, hovering around $2,550 with a weekly rise exceeding 3.5%. This upward trend is fueling altcoin potential, with Uniswap (UNI) displaying a compelling technical pattern.
UNI has surged over 47% in the past 90 days, but its current chart structure is drawing attention due to a recurring price pattern that previously sparked a significant rally.
Source: Coinmarketcap
Fractal Points to Potential Repeat Rally
On the daily chart, UNI’s setup mirrors its late 2024 behavior. Back then, UNI broke out from a falling wedge, consolidated sideways in a defined rectangular range, and, upon reclaiming the 200-day moving average, skyrocketed over 150%, climbing from below $7.80 to nearly $20.00, testing a long-term ascending resistance line.
Uniswap (UNI) Daily Chart/Coinsprobe (Source: Tradingview)
In mid-2025, UNI has again exited a falling wedge and is now trading within a similar rectangular consolidation zone, just shy of the 200-day moving average at approximately $8.30. This repeating fractal suggests UNI could be gearing up for another significant upward move, potentially echoing its 2024 breakout.
What Lies Ahead for UNI?
For the bullish fractal to materialize, UNI needs to break above the 200-day moving average at $8.30. A confirmed breakout could pave the way for a push toward the next key resistance near $22.00, aligning with the ascending trendline.
Conversely, UNI must maintain support above the 100-day moving average, currently around $6.23. A drop below this level could undermine the setup, leading to extended consolidation.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always perform your own due diligence before investing in cryptocurrencies.