UNI Steadies At $6.24 As Falling Wedge Tightens Above Key $5.88 Support

UNI trades at $6.24, up 3.6% in 24 hours, while remaining below both the 9 EMA and 50 SMA on the four-hour chart.

The token continues to move inside a falling wedge, with support at $5.88 and resistance at $6.33 shaping the short-term range.

Declining sell volume accompanies UNI’s movement along the wedge’s lower boundary, helping maintain the structure as compression increases.

Uniswap moved through the latest session with a tighter structure as the token continued to trade inside a falling wedge on the four-hour chart. The pattern developed after several days of steady cooling in momentum, which shaped a clear compression zone between the two downward trendlines

UNI was trading at $6.24 which is an increase of 3.6 percent over the last 24 hours and is currently trading above its key support of $5.88 and resistance of $6.33. The price was below not only the 9 EMA but also the 50 SMA and the position indicated that the short-term pressure was directed downwards as the wedge contracted further.

Wedge Formation Shows Steady Compression

The structure narrowed through the week as UNI pressed against the lower boundary of the pattern. This move came with declining sell volume, which created a quieter backdrop across the recent sessions. The wedge held its shape during this period, and the price continued to respect both trendlines

However, the token remained below the two moving averages, so sellers still controlled the short-term path. This setup positioned the market for closer observation as the compression progressed.

UNI Holds Structure as Price Rebounds Toward Key $6.33 Resistance

UNI maintained traction near the $5.88 support level, which formed the lower reference point before the recent bounce. The price moved toward $6.24 during the latest session, and this shift helped the wedge stay intact. The pattern also kept the market within a defined channel, and each touch of the lower boundary reinforced that structure. This interaction linked directly to the next area of focus, which sat along the upper trendline of the wedge. The resistance level at $6.33 aligned closely with that zone, creating a tight confluence.

Market Attention Turns to Upper Trendline

The upper boundary remained the next key level after the price held the lower trendline. UNI continued to trade under the 9 EMA and 50 SMA, so any move toward the top of the wedge gained added relevance The $6.80–$7.20 region stood as the next marked area if an upside break occurred, but the current range still kept the token inside the compression zone. This sequence formed the framework for tracking further shifts as the structure tightened.