UNI’s Sentiment Turns Bullish as the Token Gains 70% Since April 7

• Uniswap maintained a bullish momentum for the past two months.
• UNI’s price broke above crucial resistance.
• Analysts predict higher prices for Uniswap in the coming months.

UNI, the governance token of the Ethereum-based Uniswap decentralized exchange, has maintained a sustained bullish momentum for the first time since the beginning of 2025. The crypto asset has returned seven bullish weekly candles in the past eight weeks, breaking out of a prolonged downward trend and setting up a classic bullish structure.

Uniswap bounced off a $4.551 yearly low on April 7 after experiencing one of the steepest declines in the 2025 cryptocurrency market. 

UNI Reverses a Multi-Month Downtrend with a 70% Rally

UNI’s price dropped from $19.469 in December 2024, experiencing a 76.5% drop in less than five months. However, the digital asset’s April 7 reversal proved significant after UNI’s massive surge in the first week of May introduced a new narrative for the cryptocurrency.

Related: Uniswap (UNI) Price Prediction for Entire June 2025: Breakout Momentum Builds Above Key Support

It is worth noting that UNI’s early May rally tested the significant $7.50 r…

The post UNI’s Sentiment Turns Bullish as the Token Gains 70% Since April 7 appeared first on Coin Edition.