Uniswap’s governance token continues its remarkable recovery, currently trading above $7.46 after experiencing a 70% increase from its lowest point of $4.551 recorded on April 7. In the last eight weeks, UNI has achieved seven consecutive weekly gains, the longest streak of positive performance since early 2023, and is consistently surpassing critical resistance levels.

Key Points:

• UNI has gained 1.56% in the past 24 hours, trading at $7.4671 after nearing $7.76.
• The token has enjoyed a significant 70% rally since hitting its April low.
• A strong rebound from $7.14 occurred with high trade volume, establishing a solid V-shaped recovery despite recent market challenges.

Overall, the broader market indicators suggest a classic bullish reversal pattern, with long-standing downtrends now giving way to sharp recoveries and reinforced buyer support.

Additional Analysis Highlights:

• UNI saw intraday trading between $7.142 and $7.792, marking 8.7% volatility.
• The recovery pattern indicates a sustained bullish trend, with a need for the price to break above $7.60 to confirm ongoing momentum.