Uniswap’s road to $8 – Here’s how to examine the mixed signals on the charts

• Metrics and indicators gave the market participants carefully bull
• Price action revealed momentum up from May, with periods of high volatility

Support [UNI] For most of the year he faced a difficult road. The Dex token He registered a 74% drop from a December maximum of $ 19.47 to April low to $ 4.55.

Since mid -May, however, the price is slowly facing higher, while the 50 -day gliding average act as a strong level of support. At the time of writing, the activity on the chain suggested that Dex be able to get more traffic.

The 7 -day gliding average of the number of transactions revealed that the transaction of the Uniswap token has been growing since mid -April. Since it underlines greater demand for Uni and a decent level of use, it has continued to tremend more.

The Dex itself also recorded an increased volume of trade volume in May and June compared to April. However, the volume of trading began at the end of June and early July. Could it be early signs of the UNISWAP price?

Uniswap Futures and Stop Activity Signal Clashs

The above -mentioned cryptoquant metric measures the level of retail activity UNI by means of their business frequency and position size.

High retail activity tends to mark the too widespread market and can help see local peaks. December 2024 and January 2025 recorded retail activity with high futures. Similarly, high levels of activity have been observed in recent weeks.

On the other hand, CVD on the spot in the last three months has been a bull since mid -May.

At the time of the press, the 90-day CVD point was positive, and the growing-which indicates the dominant phase that it will buy dominant. This finding seemed to be contrary to retail futures. Aggressive purchases of a customer or market orders could be a stronger feature than increased futures.

Finally, the 1 -day price chart emphasized the bull momentum. RSI was above the neutral 50 and the price was above 20 and 50 -day moving averages. However, the CMF was at -0.1 and showed significant capital outflows. Again, there were conflicting signals around the next direction of Uniswap.

To build all the evidence together may be likely that the $ 8 resistance zone would notice greater volatility. Especially because it seemed to be a short -term level of importance.

Swing traders who want to last long can do it as soon as $ 8 is inverted to support. Meanwhile, the market participants should have a careful preliminary reversal, although the 90 -day CVD showed the dominance of the buyer.