BREAKING: UNI Rebounds to $3.55, Bulls Eye $3.61 Resistance

JUST IN: Uniswap (UNI) is trading at $3.55, up 2.51% in the last 24 hours.

Market cap: $2.26B. Circulating supply: 635.93M tokens. 24-hour volume: $165.54M.

The altcoin is mounting a recovery rally as buyers reclaim short-term momentum.

Support holding at $3.47. Immediate resistance pegged at $3.61.

DEVELOPING: Bollinger Bands are widening on the daily chart. Volatility ramping. Upper band sits at $4.00. Lower band anchored at $3.00.

RSI prints 52 on the daily, climbing out of bearish territory and curling upward. A break higher would confirm trend reversal.

The 4-hour chart tells the same story. UNI hovering near $3.55. Upper Bollinger Band stretched to $3.79. Lower band parked at $3.41.

CONTEXT: UNI is still bleeding from its all-time high of $44.97 set May 3, 2021. The token bottomed at $1.03 in September 2020. Today's bounce is a far cry from those records.

But traders are watching the structure. The 50-day SMA sits at $3.35. The 200-day SMA looms at $4.60 - a key macro resistance.

Fear & Greed Index: 27. Sentiment: Bearish. Green days: 14 of 30.

The token's algorithmic price model forecasts $3.17 short-term - a 10.96% pullback from current levels.

LONGER VIEW: Analyst projections call for UNI to hit $5.81 in 2026. By 2028, average price targets sit between $10.33 and $12.27. The 2032 outlook stretches as high as $25.19.

WHY IT MATTERS: Uniswap remains the dominant on-chain automated market maker on Ethereum. The protocol still runs without intermediaries. ERC-20 swaps still flow through its smart contracts.

UNI holders also wield governance over the platform - a utility lever that keeps institutional eyes locked in.

NEXT TO WATCH: A clean break above $3.61 opens the door to fresh upside. A failure pushes UNI back toward $3.47 support, then $3.41.

MORE TO COME.