Uniswap Holding $7 — Bullish Setup Ahead

[m_c_jacob]

After the massive 90% drop from its 2021 peak, Uniswap has been consolidating within a wide range. Each attempt to break higher has so far been followed by a return toward the lower end of the structure — a clear sign of prolonged accumulation.

What’s particularly interesting is how the $7 zone has consistently acted as a median level. Every time price dipped below it, UNI found demand and reversed back up. Recently, a solid support base has been confirmed around $5, further strengthening the bullish technical structure.

With the majority of altcoins now positioned for potential upward continuation, Uniswap could also be preparing for a significant leg higher, with a medium-term target around $14 per coin.

However, negation of this bullish setup would come with a clear breakdown below the $7 zone, which could open the way for a retest of the $5 support once again.

From a trading perspective, this setup offers an attractive 1:5 risk-to-reward ratio, making it an opportunity worth keeping on the radar — provided the $7 level holds.