As the top token maintains a consolidated trend, popular altcoins like Uniswap have broken out of the range. The price has remained elevated since the start of the month, and hence the bulls have triggered a small parabolic recovery, aiming to reclaim the 2-digit figure in the next few hours. Despite the sluggish weekend, the UNI price began the weekly trade on a bullish note, which attracted over 20% gains and is expected to remain bullish throughout the week.
Uniswap’s Q1 2025 data shows the ecosystem is gearing up for a multi-year bullish trend. The big ecosystem investments, V4 launches, and Unichain expansion have all contributed to raising optimism. Therefore, the long game favours UNI if it continues to dominate the DeFi space with strong reserves and governance upgrades, which are on the horizon.
While the short-term price action remains choppy due to whale movements and lower LP rewards, the long-term price action suggests that the UNI price is due for a 150% rise for the upcoming quarter.
The long-term price action suggests the UNI price has begun to initiate the second parabolic recovery curve, which may lead the token not only above $10 but also above $20. During the previous parabolic curve, the Bollinger bands squeezed before the breakout close to $20. A similar pattern has formed, which suggests a similar breakout could be on the horizon. Besides, the weekly MACD experienced a bullish crossover then, and it is about to occur anytime now.
With the technicals in place, the Uniswap (UNI) price is primed to rise along the curve, which could act as a strong base until it reaches the neckline at $19.5. On the other hand, the volume is slowly rising, which could shake up the settled volatility and help the price reach the desired destination.
