Uniswap Surges Back: $9.91? Yeah, We’re Watching That Like a Hawk 🦅

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Right, so the market’s been doing its moody teenager routine—lots of drama, dips, and eye rolls. But hey, analysts are whispering sweet nothings about a possible bounce back that could catapult Uniswap to around $9.91. Because, who doesn’t love a comeback story, right? 📈

The chart shows a classic “falling wedge,” which is basically a fancy way of saying, “Hey, I might be rebounding, don’t write me off yet.” After slipping from over $10.20 to a grumpy $8.95, our little token started tightening up, lower highs and lower lows making a cute little pattern like it’s Tiffany’s diamond ring.

Just as the wedge was about to call it quits, BAM—breakout at $9.35. UNI jumped above $9.39, volume exploded like a fireworks show on New Year’s, giving that breakout some real credibility. Crypto Joe (max alpha in the charts) figures we’re headed for around $9.91—because wedges have a habit of trying to be tricky but then bluffing their way to the top.

24 Hours of Doom and Gloom, Yet Hope Is Cooking

The past day? Oh, it was a rollercoaster. Down 8.60%. Not subtle, not pretty. From over $10 to closing under $9.30 with a yawn. No heroic intraday rebounds—just a steady descent, like a comedy show punchline that’s been dragged too long. Lower highs, lower lows—your classic bearish relationship drama.

Buyers tried to jump in around $9.40–$9.50, but no fireworks. Instead, volume hit $592.63 million, showing everyone was either panic-buying or just really, REALLY bored. If we can’t wrestle back the $9.30, watch out for $9.00—yes, that psychological comfort food—and then $8.70, because why not punch below the belt a little more?

Indicators Are Giving the “Meh” Vibe

And as I write this, Uniswap is hanging out at $9.23—down from a peak of $11.69. It’s doing a “cool-down” after that high. Charts are showing red flags, like a bad Tinder date—MACD’s negative (-0.212), the MACD line (0.445) now below the signal line (0.658), making indicators think, “Nope, no more bullish love today.” RSI dipped to 47.44, shrugging like, “Not today, mate.”

If RSI drops below 45, we might see even more downside—brace yourself. Or maybe, just maybe, if buyers get their act together, we get a little consolidation and call it a day. Basically, momentum’s playing hard to get—neutral to bearish, but hey, it’s not over till it’s over.

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2025-08-01 20:47