Uniswap’s native token UNI is demonstrating robust accumulation near the top of its multi-month trading range, with traders now fixated on the $4.20 resistance level. Since bottoming at around $2.35 in June, UNI has traced a pattern of higher highs and higher lows, steadily climbing back above the $2.83 support zone that was successfully defended by buyers.
Prominent analyst Daan Crypto Trades highlighted this resilience in a recent post on X, noting that UNI has moved up “throughout all the chop and different headlines.” He emphasized that assets maintaining strength amid broader market volatility are often the ones to watch once sentiment shifts. According to Daan, the next critical target is exactly $4.20, which represents the upper boundary of the established range. A daily close above this level could unlock a new leg higher, whereas a rejection would likely keep UNI confined to its consolidation band.
At the time of reporting, UNI is trading at $3.66, down 4.42% over the past 24 hours following a sharp intraday swing, but still up 4.31% for the week. The 24-hour trading volume stands at $154,770,210, indicating sustained trader interest as the token approaches the range high. “I want to take the move one step at a time,” Daan added, reflecting a measured approach to the potential breakout.
The accumulation-like structure and controlled ascent suggest buyer conviction rather than exhaustion, keeping the bullish thesis intact. A decisive close above $4.20 would be the confirmation traders are looking for, while a failure to breach that line could see UNI retest lower supports.
