After a volatile period, the Uniswap (UNI) price is showing signs of stability, hovering near $6.60-$6.70. Traders are cautiously optimistic, anticipating a potential bounce based on recent whale activity and platform updates. 660,000 UNI tokens, worth approximately $4 million, were accumulated by large investors during the token’s sell-off below $2 earlier this month. This notable accumulation indicates smart money sees value in the project, leading to a quick price surge of 12%. 5.78-$5.90, acted as a crucial support zone for UNI, with consistent buying pressure seen whenever dips occurred. Uniswap’s recent implementation of smart wallets across its apps has introduced gasless swaps and enhanced user experience through EIP-7702. While this is a significant upgrade, the success of it depends on how quickly users adopt it. 6.24-$6.34 sits as key resistance for UNI, a breakout from which could accelerate price movement into the mid-$6 range. However, if it fails to clear this zone, UNI could slide back towards the $5.90 level. Additionally, there is a clear demand area around $5.31-$5.20, acting as a potential safety net for investors in case of further dips. The chart analysis suggests that UNI’s price action this week hinges on its ability to stay above the $5.78-$5.90 support level. If it manages to maintain this position, the outlook favors a retest of the $6.24-$6.34 resistance zone. A breakout above this barrier could open the door for a move into the mid-$6 range with minimal friction. Should the price slip below support again, it might revisit the $5.31-$5.20 demand zone. While this would not break the overall structure, it could delay any attempt to push higher. A deeper drop towards $4.80 only becomes a significant concern if the broader market experiences a sharp downturn. The outlook for UNI remains stable and positioned for another attempt at breaking overhead resistance; however, stronger momentum is needed to confirm a definitive trend shift.