After briefly dipping below $5 in April, Uniswap (UNI) has experienced a resurgence, with its price rebounding to around $7.00 before retracing slightly. This recent price action leaves many wondering: is this the start of a sustained upward trend, or did investors miss their chance? The chart paints a clear picture: UNI’s price bounced from a lengthy downtrend, which saw its value plummet over 65%, dropping from over $16 to under $5. However, recent trading has seen a strong upward surge forming a higher high. This momentum is now being tested as the token consolidates around $7.00. Experts are looking to areas like $6.50-$7.00 for potential support and resistance levels. If these key zones hold strong, the price could move toward the 200-day moving average, currently at around $9.59. This level might serve as the next key resistance zone before hitting psychological barriers at $10.