Uniswap’s governance token continues its impressive comeback, trading above $7.46 Tuesday after rallying 70% from its yearly low of $4.551 on April 7. The token has logged seven weekly gains in the past eight weeks—its longest positive stretch since early 2023—and is now firmly trading above key resistance levels that capped earlier recovery attempts.
The broader structure now reflects a classic bullish reversal, with a prolonged downtrend giving way to sharp rebounds, strong support formation, and improving sentiment around Uniswap’s on-chain governance and market role. Buyers absorbed a sharp drawdown earlier in the session and quickly stepped back in, establishing a new base around $7.14–$7.17.
That support zone now defines the lower bound of the token’s recent trading range. The latest rally saw the token push through prior local highs despite some intraday profit-taking near the $7.52 mark. The consistent pattern of higher lows and strong volume near key inflection points indicates a potentially sustainable uptrend, though a clean break above $7.60 would likely be needed to confirm a full momentum shift.
Technical Analysis Highlights
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