Despite the broader cryptocurrency market’s downturn, Uniswap (UNI) may soon see a bullish reversal, according to a fresh prediction from crypto analyst Ali Martinez. The expert noted that the TD Sequential indicator has flashed a buy signal, suggesting a potential rebound for UNI.
#Uniswap $UNI looks poised for a rebound as the TD Sequential indicator flashes a buy signal on the daily chart! pic.twitter.com/sfpBAQVhQd
— Ali (@ali_charts) February 27, 2025
Uniswap’s Latest Partnership Bolsters Bullish Sentiment
Uniswap’s native token has been struggling due to recent market volatility. However, a strategic collaboration with Robinhood, MoonPay, and Transak could strengthen the bullish case for UNI. This new initiative allows iOS and Android users in over 180 countries to seamlessly convert cryptocurrencies to fiat and deposit the funds into traditional bank accounts.
Despite this positive development, UNI’s price has continued its downward trend. The token saw a 13% decline, trading around $7.25 at press time. However, trading volume spiked by 10%, indicating increased market participation and potential accumulation by investors anticipating a price reversal.
UNI’s Price Action and Potential Scenarios
Technical indicators suggest that UNI’s price movement remains uncertain. According to AMBCrypto’s analysis, UNI has broken out of a three-day consolidation phase, paving the way for a potential decline if it closes below $7.35 on the daily chart. If this scenario plays out, the altcoin could drop by 30% to $5.25, with mild support expected at the $6.20 level.
On the flip side, if UNI manages to reclaim the $7.35 resistance level, the bearish outlook could be invalidated, opening doors for a potential recovery.
Traders Lean Bearish as Liquidation Levels Form
Market sentiment data from Coinglass indicates that traders are heavily betting against UNI. At press time, the asset had significant liquidation clusters at $7.47 on the upside and $7.03 on the downside. Short positions at $7.47 amounted to $1.71 million, while long positions at $7.03 stood at $1.01 million, suggesting bearish dominance.
Uniswap’s latest partnership may provide long-term bullish momentum, but its short-term price action remains uncertain. If UNI fails to reclaim key support levels, further downside could be imminent. Investors should closely monitor technical indicators and liquidation levels to gauge the asset’s next move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Uniswap Teams Up with Robinhood, MoonPay & Transak to Simplify Crypto-to-Cash Conversions
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