Uniswap Price Prediction: UNI Eyes Continuation After Breakout as Governance Shift Nears

Uniswap (UNI) is showing renewed strength heading into mid-November, with price action and market data suggesting that the token could extend its recovery toward the $10 level. After a strong surge from $4.78 earlier this quarter, UNI has maintained a bullish tone despite brief consolidation phases. Recent momentum in derivatives and spot inflows further reinforces optimism among traders, who appear to be positioning for a potential breakout.

Price Holds Above Key Support

Uniswap’s latest rally reached $9.03 before encountering mild profit-taking. The token is now consolidating near $8.18, just below the short-term 9 EMA level around $7.90. This area has become a critical dynamic support, aligned with the 61.8% Fibonacci retracement zone.

If buyers defend this region, UNI could resume its upward trajectory toward the $9.50–$10.00 range. A sustained close above $10 would mark the first full recovery since its midyear correction.

Below $7.90, additional support levels emerge around $6.90 and $5.00. A move beneath $6.90 could weaken the bullish structure and extend losses toward the previous accumulation zone. However, the current retracement appears healthy given the strong expansion in Bollinger Bands, which reflects rising volatility and renewed participation from traders.

Derivatives Market Signals Renewed Interest

The derivatives landscape also points to increased activity. Uniswap’s open interest in futures climbed sharply to $770.41 million on November 11, signaling revived engagement from traders after months of subdued trading.

This growth in open interest aligns with UNI’s rebound, showing that speculative and hedging activity is picking up again. Rising positions typically indicate confidence in continued price movement, either through directional bets or risk management strategies.

Consequently, the expanding derivatives volume adds liquidity and depth to the market, making price swings more sustainable. The increase also suggests that traders expect near-term volatility as UNI tests its resistance zone once more.

Inflows Reflect Strengthening Institutional Demand

On-chain data supports the technical outlook. Uniswap recorded $20.96 million in net inflows on November 11, marking its strongest day since midyear. The positive capital movement reflects fresh accumulation by investors, reversing months of outflows between June and October.

Sustained inflows above $10 million could confirm a broader structural recovery for the DeFi token. Moreover, expectations of upcoming governance improvements and a stronger DeFi sector may continue to fuel buying momentum, keeping UNI’s medium-term outlook bullish.

Governance Proposal Adds Fuel to Market Optimism

Adding to the momentum, Uniswap Labs and the Uniswap Foundation have introduced the “UNIfication” proposal. The plan, led by founder Hayden Adams and the Foundation’s executive team, outlines the activation of a protocol fee switch and a new token burn mechanism. The move aims to reduce UNI’s circulating supply while reinforcing long-term sustainability.

Technical Outlook for Uniswap Price

Key levels remain clearly defined heading into mid-November. Upside levels include $9.03 as the immediate resistance, followed by $9.50 and the psychological $10.00 mark. A confirmed breakout above $9.03 could accelerate momentum toward $10.50 and possibly $11.20, marking a full recovery to the pre-correction range.

On the downside, the first support rests near $7.90, aligning with the 9-day EMA and the 61.8% Fibonacci level. A deeper correction could extend to $6.90, where the 50% Fibonacci retracement provides structural backing, and further to $5.00 if selling pressure intensifies. The 200-day EMA around $6.80 remains the key medium-term level to defend for maintaining bullish bias.

The technical structure shows Uniswap consolidating within a minor retracement phase after a breakout from $4.78. Bollinger Bands are wide, reflecting heightened volatility and signaling that price compression may soon resolve into a new directional wave.

Related: ‘Legendary’ Uniswap (UNI) Whale Returns After 3 Years, Scoops Up Nearly $4M in UNI Tokens

Can Uniswap Sustain Its Momentum?

Uniswap’s short-term direction depends on whether bulls can defend the $7.90–$8.00 zone while maintaining inflow strength above $10 million. If this level holds, UNI could resume its upward trajectory, targeting $9.50 and $10.00. However, a breakdown below $6.90 would weaken the structure and expose the token to a correction toward $5.50.

For now, Uniswap remains in a pivotal position. Renewed inflows, rising open interest, and governance developments suggest improving sentiment. Sustained accumulation above key supports could confirm that UNI’s next leg higher is underway, setting the stage for an extended bullish phase through the final quarter of 2025.

Related: Uniswap Crosses $1T Annual Volume as UNI Drops 26% Despite Bullish Pattern