Uniswap's native token UNI is trading at $3.79, but momentum has stalled near the upper Bollinger Band as bulls struggle to break through $3.90 resistance. The token's recent rally appears to be losing steam, with traders watching closely whether support at $3.70 can hold.
Support at $3.70
The $3.70 level has become a critical floor for UNI. Smart money positioning data suggests a 65% probability that the token will break toward $4.20 within the next 30 days, but only if that support level holds. A drop below $3.70 could trigger a sharper pullback, analysts following the charts warn.
Resistance at $3.90
Bulls have been fighting to push UNI above $3.90, a ceiling that has repelled multiple attempts in recent days. The upper Bollinger Band is compressing around the current price, a sign that volatility may be building. If buyers can clear $3.90, the path to $4.20 becomes more plausible.
Smart Money Bets on $4.20
Derivatives market data indicates that larger traders are positioning for a move to $4.20 by June. The probability of hitting that target within 30 days stands at 65%, according to the same smart money metrics. However, the odds depend entirely on $3.70 holding as support and resistance at $3.90 giving way.
Traders are now watching whether UNI can sustain its recent uptrend or if the stalling momentum signals a reversal. The next few days will likely determine whether the token can climb toward $4.20 or retreat to lower levels.
