$UNI 🚨Uniswap Price Prediction: Can UNI Reach $6 This Month🚨
Uniswap price is trading near $4.82 after a prolonged downtrend defined by a descending trendline stretching from August highs. Price has consistently made lower highs, with recent attempts capped below the $5.60 resistance. Over the past few days, UNI has drifted sideways near the lower end of the range, holding just above $4.70 support. This behavior suggests consolidation after sustained selling pressure rather than a decisive breakdown or reversal.
Momentum indicators remain weak but show early signs of stabilization. The RSI is hovering near 38–40, indicating bearish momentum without deep oversold conditions, often seen during basing phases. The MACD remains below zero, but histogram bars are flattening, suggesting downside momentum is slowing. If UNI holds above $4.70, a rebound toward $5.60 is possible. A break above that could target $6.60–$8.60, while a loss of $4.70 risks a drop toward $4.20.
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