UNI/USDT – Bullish Momentum Builds But Resistance Looms at $6.26Uniswap (UNI) has surged nearly 35% from its December 18th low, igniting stop-loss runs above prior swing highs and establishing clear upside momentum.
The rally left behind a bullish daily gap between $6.06 and $5.38, which now serves as a key support zone.
🗳️ This price action coincides with the start of a new governance vote, adding fundamental interest. However, $6.26 – where sellers last pushed back on Dec 20th – remains the critical resistance bulls must flip for continuation.
🔼 Bullish Targets (if $6.26 breaks):
$6.57 – Prior distribution zone (week of Nov 10).
$6.73 – Bearish daily gap (Nov 20).
$7.18 – Major resistance (week of Nov 17), where bears previously regained control.
🔽 Bearish Scenarios (if support fails):
$5.20 – December 17 open; key line of defense.
Below that: $4.86 (Dec 18 swing low) becomes vulnerable.
These levels also align with the mid-point of last week’s long wick, adding further confluence.
📊 Momentum favors bulls for now, but watch how UNI reacts at $6.26—it's the gate to further upside or potential rejection.
