Uniswap is under pressure right now after a dormant wallet transferred 9 million UNI tokens worth nearly $54 million to Coinbase Prime. This has sparked fears of increased selling and short-term price volatility. This whale movement also comes at the same time as Uniswap Foundation’s unaudited 2024 report. This report revealed a $4.68 million deficit as their expenditures outpaced the inflows. Despite these issues, Uniswap has a strong financial position, holding nearly $30 million in reserves. On-chain data has shown a 172% surge in transfer volume. The number of daily transactions has gone up by 160%. Given the market uncertainty, let’s take a detailed look at the latest Uniswap price analysis and explore the possible UNI trends.
Uniswap Price Analysis of the Last 24 Hours
The UNI price stood at 5.82 as trading commenced yesterday. The EMAs played together as a consolidatory phase ensued in the early hours. A slight upward movement was brewing as UNI spiked to $5.89 at 1:10 UTC, but a death cross soon formed on the MACD indicator. The downtrend was steep, leading UNI to $5.69 at 3:00 UTC. The Relative Strength Index indicated almost oversold conditions, and a potent reversal was seen with a wide golden cross formed. The buying pressure mounted as UNI rose to $5.81 by 5:00 UTC.
Chart 1: published on TradingView, April 26, 2025
An hour-long consolidation followed, followed by a further uptrend. Despite several corrections, the UNI price was able to ascend to $5.91 by 10:00 UTC. The coin soon faced correction to $5.82, thanks to the golden cross at 10:20. But by noon, Uniswap was back trading at $5.91. However, bearish forces continued to exert downward pressure on the coin as Uniswap fell to $5.75 with the 12:40 golden cross. The reversal to this bearish trend was almost as sharp, as the Uniswap price scaled back to $5.96 by 15:20 UTC.
Further fluctuations followed, as Uniswap fell to $5.845, rose to $5.95, and settled at $5.845 again. As market fluctuations ensued, Uniswap formed a trading range leading up to 21:00 UTC. At 21:30 UTC, a downward Uniswap breakout was observed, leading the price down to $5.810. Reversal occurred, and the UNI price climbed briefly to $5.90 at 22:50. In the next hour, though, the bearish trend would once again force the price to settle at $5.825 by midnight.
UNI Price Action Today
The UNI price action today has displayed similar volatility to yesterday. In the first three hours, Uniswap climbed the charts confidently, facing rejection only at $6.025. Overbought corrections persisted on the RSI at this point. Despite the strong reversal conditions, the coin made one more attempt to gain but faced a stern turnaround at that point. The ensuing downtrend, validated by the 2:05 death cross, led UNI to find a bottom at $5.881. Since then, UNI went on to touch $5.97.
Uniswap Price Prediction for April 26: Can UNI Break Above $6?
Uniswap’s recent performance has boosted conviction among investors that it will continue to rise. Especially, the market-wide boom last week held Uniswap in good stead. As of now, however, the market shows indecision. The price movements have been volatile in the last few days. Trends have been sparse and have met stiff resistance. Given these conditions, it looks like Uniswap is ready to venture above $6, but it could be a short stay there
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