Uniswap UNI Recovers To $3.55 As Buyers Defend Short-Term Support
Uniswap (UNI) traded at $3.55 on Sunday, up 2.51% over the prior 24 hours, as buyers stepped in near the $3.47 support level. The move came alongside a broader rebound across major altcoins.
Uniswap (UNI) traded at $3.55 on Sunday, up 2.51% over the prior 24 hours, as buyers stepped in near the $3.47 support level. The move came alongside a broader rebound across major altcoins.
Per market data tracked at the time of writing, the UNI/USD pair printed an intraday high of $3.56 and a low of $3.45. Trading volume over the past day stood at roughly $165.54 million. Circulating supply remains at 635.93 million tokens, putting the governance token's market capitalization at about $2.26 billion.
The 14-day Relative Strength Index was recorded at 52, holding inside neutral territory. The 50-day simple moving average sits at $3.35, while the 200-day SMA remains higher at $4.60. The token has logged green sessions on 14 of the last 30 days.
The intraday Bollinger Band readings on the four-hour chart placed upper resistance at $3.79 and lower support at $3.41. On the daily chart, the upper band shifted to $4.00 and the lower band to $3.00, a spread that points to elevated volatility.
UNI continues to trade well below its all-time high of $44.97, reached on May 3, 2021. The token's all-time low of $1.03 dates to September 2020.
The protocol behind the token, an automated market maker built on Ethereum, was founded in 2018 by Hayden Adams. Uniswap allows on-chain swaps between ETH and ERC-20 tokens without an intermediary order book. The UNI token carries governance rights over the protocol.
Forward-looking model projections cited in the source forecast a 2026 high near $5.81. The same models point to an average price range of $10.33 to $12.27 by 2028, and an average near $24.22 by 2032, with a projected ceiling of $25.19. Those figures reflect model output, not guaranteed outcomes.
Sentiment readings remained mixed. The broader Fear & Greed Index registered 27, classifying market mood as "fear" despite the day's price recovery. The 30-day volatility figure stood at 6.33%.
What it means: UNI's bounce off $3.47 buys the token room above its 50-day average, but the price still sits well under the 200-day line. A clean break above the $3.61 four-hour resistance opens a path toward $3.79. A failure to hold $3.41 would put the lower Bollinger Band on the daily chart back into focus and revive the longer-term bearish structure.
Filed by the macro desk of MarketPR on Sat May 16. Source: MarketPR. Indicative figures are not investment advice.