UNI, the governance token of the Ethereum-based Uniswap decentralized exchange, has maintained a sustained bullish momentum for the first time since the beginning of 2025. The crypto asset has returned seven bullish weekly candles in the past eight weeks, breaking out of a prolonged downward trend and setting up a classic bullish structure. Uniswap bounced off a $4.551 yearly low on April 7 after experiencing one of the steepest declines in the 2025 cryptocurrency market. UNI Reverses a Multi-Month Downtrend with a 70% Rally UNI’s price dropped from $19.469 in December 2024, experiencing a 76.5% drop in less than five months. However, the digital asset’s April 7 reversal proved significant after UNI’s massive surge in the first week of May introduced a new narrative for the cryptocurrency. Related: Uniswap (UNI) Price Prediction for Entire June 2025: Breakout Momentum Builds Above Key Support It is worth noting that UNI’s early May rally tested the significant $7.50 resistance. Even though the price pulled back at the initial attempt, UNI bulls regrouped to push the price above that level, converting it into support as the digital asset confirms a new phase in its price development. Analysts Eye Breakout Above $8 as Next Bullish Signal In the meantime, UNI tested another notable resistance last week by surging above the 0.236 Fibonacci level, which coincides with the psychological resistance around the $8 region. The price surged to $8.688 before retracing to close the week at $7.181. However, the decentralized exchange governance token resumed the upward movement by surging 14.32% in less than 48 hours. Related: Uniswap ($UNI) Price Prediction for June 2025: Can UNI Sustain Momentum Above $8? UNI’s latest surge retested the 0.236 Fibonacci resistance, with the trading volume showing signs of notable momentum that could support a confirmed breakout above that resistance. Analysts expect UNI to break above that level and open the way for higher prices, with $10 looking more like the next notable target for the altcoin. According to TradingView’s data, UNI traded for $7.641 at the time of writing, reflecting a 70% surge since it recovered its bullish momentum on April 7. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.