Uniswap Price Analysis: UNI Tests $3.90 After Weekly Breakout

Table of Contents Uniswap price analysis shows UNI approaching a critical market structure test after breaking long-standing weekly resistance. Momentum indicators are improving, and traders are now focusing on whether the price can reclaim $3.90 to validate a broader bullish trend reversal. UNI has finally broken above a descending resistance trendline that controlled price action for months. This breakout marks an important technical shift after a prolonged sequence of lower highs limited bullish momentum across the broader market cycle. For most of the recent downtrend, sellers defended every recovery attempt near trendline resistance. Price repeatedly failed to establish sustained upside, which kept UNI trapped inside a weakening market structure. However, the latest breakout changes that narrative significantly. $UNI (1W) – Double breakout UNI is currently breaking out of a multi-month downtrend in both price and momentum. That’s the first step. But the important part now is the reclaim. Right now, UNI is getting rejected at a key higher timeframe market structure level that… pic.twitter.com/Gg8fy4eQ1O — CRYPFLOW (@_Crypflow_) May 10, 2026 The move above the diagonal resistance suggests bearish control is starting to weaken. On higher timeframes, these breakouts often signal the early stages of structural recovery. Still, diagonal breakouts alone rarely confirm full reversals in crypto markets. What adds strength to this setup is the supporting momentum breakout beneath price action. UNI’s weekly RSI has also moved above its descending resistance line after months of rejection. Since momentum often leads price during macro reversals, this breakout increases the probability of continuation. At the same time, stochastic RSI is forming a fresh bullish crossover from oversold territory. On weekly charts, these signals usually support multi-week upside expansion instead of short-lived recovery rallies. This alignment between price and momentum creates a stronger technical foundation than isolated breakout attempts seen earlier this cycle. Despite the breakout, UNI is challenging the $3.90 horizontal resistance zone, which previously acted as a major support level before the breakdown. In technical analysis, former support often turns into resistance after market breakdowns. This usually happens when trapped holders use recovery rallies to reduce exposure near previous entry zones. That behavior appears visible around the current reclaim area. While UNI has pushed above trendline resistance, price has not yet secured a decisive weekly close above $3.90. This distinction matters because trend reversals require more than a breakout. Price must reclaim lost market structure and convert resistance back into support to validate stronger continuation. Meanwhile, UNI’s market capitalization is reinforcing the improving outlook. Over the past week, market cap climbed from roughly $2.05 billion toward the $2.5 billion region, reflecting sustained capital inflows. More importantly, the expansion has been orderly rather than speculative. UNI continues printing higher highs and higher lows while maintaining elevated levels after each breakout attempt. If the price closes above $3.90 and holds that level, the bullish case strengthens considerably. Until then, Uniswap price analysis suggests UNI remains in a transition phase between recovery and confirmed macro reversal.