UNI Price Navigates Resistance Levels at $8.30 with Solid Upside Potential
0
0
- UNI surged 8.3% in 24 hours, trading near $6.5 amid strong buying interest.
- Analysts forecast UNI reaching $25 by 2028 and potentially $40 by 2031 with ongoing DeFi adoption.
- Key resistance at $8.30 and support near $5.50 will shape UNI’s near-term price action
Uniswap (UNI) is beginning to show signs of life again, fueled by fresh interest in DeFi and ongoing upgrades to its protocol. While the path ahead still holds challenges, especially around key resistance levels, there’s cautious optimism in the air about where UNI could be headed over the long term. As of May 21, 2025, UNI is changing hands at around $6.33, up 6.03% from the previous day.
The token hit an intraday high of $6.49, while dipping as low as $5.71 earlier in the session. Its market cap sits near $3.91 billion, with roughly 629 million tokens in circulation—keeping it among the leading DeFi projects in terms of market size and community impact.
Beyond its role in governance, where holders vote on how the protocol evolves, UNI also plays a big part in Uniswap’s broader ecosystem. Its strength lies in combining utility, decentralization, and active community participation.
Technical Picture Shows Momentum Building
At the time of writing, UNI trades around $6.29 with an impressive increase in the last 24 hours. This rise is backed by buying sentiment and pressures which points to increased interest among buyers and investors.
From a short-term perspective, the 50-day simple moving average (SMA) sits at $5.81, acting as a support level that has helped keep the price stable. On the longer-term side, the 200-day SMA is at $8.33—a key area of resistance that traders will be watching closely in the days ahead.
Exponential Moving Averages (EMAs) across the board also point to buying pressure. But resistance between $8.24 and $9.00 (marked by the 100 and 200 EMAs) may slow down any sharp upward moves.
UniSwap‘s (UNI) relative strength index (RSI) is currently around 56, which shows moderate bullish momentum without being in the danger zone of overbought territory. This gives UNI some room to climb before traders start taking profits.
Likewise, widening Bollinger Bands reflects a possible volatility creeping back in. The upper band stands around $7.56, with the lower band offering support near $4.47.
From a price-level standpoint, key resistance lies at $8.30, $8.75, and $9.35, while strong support holds around $5.50. A clean breakout above these resistance levels could clear the path for another leg higher.
Price Forecasts Through 2031 Suggest Gradual Growth
Looking ahead, forecasts for UNI’s price are generally optimistic—but measured. The idea of it reaching $100 over the next 5–7 years doesn’t look realistic under current market conditions, but there’s still plenty of room for growth.
For 2025, expectations range between $3.24 and $9.72, with many analysts settling on an average target around $8.10. If the broader DeFi space continues gaining ground and Uniswap executes on its roadmap, that target is well within reach.
By 2026, UNI might push toward the $15 mark, with room to climb as high as $25 by 2028. Much of this depends on continued adoption of decentralized protocols and feature upgrades like the anticipated V4 rollout.
Between 2029 and 2031, some longer-term projections see UNI reaching $31 to $42. These estimates factor in a growing user base, the maturing Ethereum network, and the increasing role of governance tokens in shaping blockchain protocols.
Highlighted Crypto News for Today
ASIC Seeks High Court Appeal in Block Earner Crypto Yield Case
0
0
Securely connect the portfolio you’re using to start.