NAIROBI (CoinChapter.com)—Uniswap’s native token, UNI, is regaining momentum following the conclusion of its legal battle with the United States Securities and Exchange Commission (SEC). The decentralized exchange (DEX) secured a win after the regulator closed its case without taking enforcement action. Analysts now predict that UNI could be on the verge of a breakout, targeting levels above $9 in the coming days.
Analysts Spot a Bullish Signal as UNI Eyes $9
Uniswap’s price is making a comeback after dipping to $7.89, now trading near $8. Market analyst Ali spotted a TD Sequential buy signal on the daily chart, a tool that tracks trend shifts. It flashed a “9” count, signaling the downtrend was losing steam, followed by a “1” count—often the first sign of a potential rebound.
Uniswap (UNI) flashes buy signal. Source: Ali Martinez/X“UNI looks poised for a rebound,” Ali posted,
UNI’s testing $8.056, with $8.50 as the next hurdle. Clear that, and $9.00—or even $10.00—feels doable. If it slips below $8.00, though, $7.50 might be where it lands. The SEC win’s a tailwind, and the technicals are lining up. Traders are watching volume and price to see if this sticks.
UNI Price Breaks Key Resistance—Is a Rebound Incoming?
Uniswap price could be gearing up for a breakout after months of downward pressure. The Relative Strength Index (RSI) currently sits at 31.63, hovering near oversold territory. This suggests sellers might be losing steam, and a push above 37.87 could confirm renewed buying interest.
UNI has just broken out of a descending trendline that had kept prices suppressed for weeks. If buyers maintain control, this breakout could mark the beginning of a recovery. However, the 50-day and 200-day Exponential Moving Averages (EMAs), both near $10.44, still stand as major hurdles. UNI needs to reclaim these levels to confirm a sustained bullish trend.
Source: CryptoQuantIf UNI holds above $7.50, traders will be watching for a retest of $8.50-$9.00 in the near term. A clean break above this range could open the door to a rally toward $10 or higher.
Uniswap’s Legal Victory Against the SEC Strengthens DeFi’s Position
On Feb. 25, Uniswap secured a crucial legal win as the SEC closed its investigation into the platform without taking enforcement action. Hayden Adams, founder of Uniswap Labs, confirmed that the Second Circuit Court of Appeals ruled in favor of Uniswap. The court stated that smart contract operators should not be held accountable for the actions of their users.
Uniswap Wins: SEC Closes Investigation with No Action. Source: UniswapAbove all, this decision marks a major milestone for the DeFi sector. It sets a legal precedent that could protect other decentralized platforms from regulatory scrutiny. Uniswap had been accused of facilitating the trading of unregistered securities, but the ruling dismisses these claims, reinforcing the legitimacy of DeFi protocols.
With regulatory uncertainty lifted and bullish technical indicators aligning, Uniswap’s price could be on the verge of a breakout. Traders are watching the $8.50 and $9.00 resistance zones closely.
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