Timothy Morano
Feb 02, 2026 14:31
UNI trades at $3.93 with RSI at 26.78 indicating oversold conditions. Technical analysis suggests potential bounce to $5.74 upper Bollinger Band if key support holds through February.
Uniswap (UNI) has experienced significant downward pressure, currently trading at $3.93 as of February 2, 2026. However, technical indicators are flashing oversold signals that could present a compelling buying opportunity for traders looking to capitalize on a potential reversal.
UNI Price Prediction Summary
• Short-term target (1 week): $4.29
• Medium-term forecast (1 month): $4.77-$5.74 range
• Bullish breakout level: $5.74 (upper Bollinger Band)
• Critical support: $3.61
What Crypto Analysts Are Saying About Uniswap
While specific analyst predictions from the past 24 hours are limited, recent forecasts from blockchain analysts provide valuable insights into UNI’s potential trajectory.
According to Peter Zhang’s analysis from January 9, 2026, “UNI price prediction shows bearish momentum at $5.40 with RSI at 41.60. Technical analysis suggests potential bounce to $6.29 upper Bollinger Band if $5.30 support holds through January.” His target of $6.29 aligns with historical resistance levels.
Rebeca Moen’s January 11 Uniswap forecast outlined a comprehensive outlook: “Short-term target (1 week): $5.85; Medium-term forecast (1 month): $5.40-$6.29 range; Bullish breakout level: $6.26 (upper Bollinger Band); Critical support: $5.40.” These predictions were made when UNI was trading at higher levels.
More recently, Rongchai Wang noted on January 14 that “UNI price prediction shows neutral momentum at $5.71 with potential upside to $6.29. Technical analysis reveals key resistance at $6.05 and critical support at $5.29 for Uniswap forecast.”
UNI Technical Analysis Breakdown
The current technical landscape for UNI presents a mixed but potentially bullish setup for contrarian traders. At $3.93, the token is trading significantly below all major moving averages, with the 7-day SMA at $4.29, 20-day SMA at $4.77, and 200-day SMA at $7.44.
The RSI reading of 26.78 places UNI in deeply oversold territory, historically a zone where reversals often occur. The MACD histogram at -0.0000 suggests bearish momentum is potentially exhausting, while the Stochastic indicators (%K at 22.70, %D at 18.16) confirm the oversold condition.
UNI’s position within the Bollinger Bands is particularly noteworthy. With a %B position of 0.0640, the token is trading very close to the lower band at $3.81, while the upper band sits at $5.74. This positioning historically indicates either continued downward pressure or an imminent bounce toward the middle band at $4.77.
The 24-hour trading range of $3.70-$3.96 with volume of $32.1 million on Binance suggests active interest despite the bearish price action. The daily ATR of $0.30 indicates moderate volatility that could amplify any reversal moves.
Uniswap Price Targets: Bull vs Bear Case
Bullish Scenario
If UNI can maintain support above the critical $3.61 level, the first target becomes the 7-day SMA at $4.29, representing a 9% upside from current levels. Breaking above this level would likely trigger momentum toward the 20-day SMA at $4.77, a 21% gain.
The ultimate bullish target lies at the upper Bollinger Band at $5.74, which would represent a 46% recovery from current prices. For this scenario to play out, UNI needs to reclaim the pivot point at $3.87 and break through immediate resistance at $4.03 and strong resistance at $4.12.
Technical confirmation for the bullish case would include RSI recovery above 30, MACD histogram turning positive, and sustained volume above the recent average.
Bearish Scenario
If the $3.61 strong support level fails, UNI could experience further downside toward psychological support levels. The next major support would likely emerge around $3.00, representing a 24% decline from current levels.
A breakdown below $3.61 would also invalidate the oversold bounce thesis and could lead to extended consolidation in the $2.50-$3.50 range. Risk factors include broader crypto market weakness, DeFi sector underperformance, or specific challenges to the Uniswap protocol.
Should You Buy UNI? Entry Strategy
The current risk-reward setup favors cautious accumulation for traders with appropriate risk management. Consider dollar-cost averaging entries between $3.70-$3.93, with the first tranche near current levels and additional purchases if the price tests the $3.61 support.
A stop-loss below $3.50 would limit downside risk to approximately 11% while maintaining exposure to potential upside toward $4.29-$4.77. More aggressive traders might wait for confirmation above $4.03 before establishing positions.
Position sizing should reflect the high-risk nature of oversold bounce plays, with no more than 2-3% of portfolio allocation recommended for this trade setup.
Conclusion
This UNI price prediction suggests that while near-term risks remain, the current oversold conditions present a potentially attractive entry point for risk-tolerant traders. The convergence of deeply oversold RSI readings, proximity to Bollinger Band support, and historical analyst targets around $5.74-$6.29 create a compelling technical setup.
However, the broader trend remains bearish with UNI trading below all major moving averages. Success of this Uniswap forecast depends on broader crypto market stability and UNI’s ability to hold critical support levels. Traders should maintain strict risk management and be prepared for continued volatility.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making investment decisions.
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Source: https://blockchain.news/news/20260202-price-prediction-uni-oversold-conditions-signal-potential-recovery-to
