Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Uniswap (UNI) Secures Breakthrough as SEC Drops Investigation – Could This Breakout and Retest Spark a Recovery?

Uniswap (UNI) Secures Breakthrough as SEC Drops Investigation – Could This Breakout and Retest Spark a Recovery?

CoinsProbeCoinsProbe2025/02/26 03:43
By:Nilesh Hembade

Date: Tue, February 25, 2025 | 07:02 PM GMT

The cryptocurrency market is currently facing a strong bearish downtrend, with many assets experiencing notable declines. Uniswap (UNI) has also been affected, hitting a 24-hour low of $7.50 before rebounding to its current price of $8.05.

Uniswap (UNI) Secures Breakthrough as SEC Drops Investigation – Could This Breakout and Retest Spark a Recovery? image 0 Source: Coinmarketcap

This bounce comes amid significant legal developments that could positively impact the token’s long-term outlook.

SEC Drops Investigation

According to the latest announcement from the Uniswap, the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Uniswap Labs.

Uniswap (UNI) Secures Breakthrough as SEC Drops Investigation – Could This Breakout and Retest Spark a Recovery? image 1 Source: @Uniswap (X)

Back in April 2024, the SEC issued a Wells notice, alleging that Uniswap Labs operated as an unregistered broker, facilitated an exchange, and issued an unregistered security. However, as of yesterday, the SEC has decided not to pursue enforcement action.

Breakout and Retest – What’s Next for UNI?

Uniswap (UNI) recently completed a significant breakout from a long-standing descending triangle pattern that had been in place since 2021. The breakout, which occurred in November 2024, allowed UNI to surpass the critical $9.50 resistance, triggering a strong rally to $19.46 before experiencing a pullback.

Uniswap (UNI) Secures Breakthrough as SEC Drops Investigation – Could This Breakout and Retest Spark a Recovery? image 2 Uniswap (UNI) Weekly Chart/Coinsprobe (Source: Tradingview)

Following this surge, UNI underwent a retest of the breakout trendline near $7, a level that has now turned into a crucial support zone. The price has since rebounded to $8.05 and is currently holding above the 100 SMA (Simple Moving Average), a key technical indicator.

A decisive break above the 200 SMA could confirm a renewed uptrend, potentially propelling UNI back toward its previous highs near $19.46.

Final Thoughts

Uniswap’s recent legal victory has removed a significant regulatory overhang, boosting investor confidence. While UNI has faced market-wide headwinds, its technical setup suggests the potential for a strong recovery if key resistance levels are broken.

A successful bounce from current levels could pave the way for a rally toward $12–$19.50, making UNI one of the tokens to watch in the coming weeks.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Cobie: Long-term trading

Crypto Twitter doesn't want to hear "get rich in ten years" stories. But that might actually be the only truly viable way.

Chaincatcher2025/11/29 19:18
Cobie: Long-term trading

The central bank sets a major tone on stablecoins for the first time—where will the market go from here?

This statement will not directly affect the Hong Kong stablecoin market, but it will have an indirect impact, as mainland institutions will enter the Hong Kong stablecoin market more cautiously and low-key.

Chaincatcher2025/11/29 19:17
The central bank sets a major tone on stablecoins for the first time—where will the market go from here?

Charlie Munger's Final Years: Bold Investments at 99, Supporting Young Neighbors to Build a Real Estate Empire

A few days before his death, Munger asked his family to leave the hospital room so he could make one last call to Buffett. The two legendary partners then bid their final farewell.

ForesightNews2025/11/29 18:52
Charlie Munger's Final Years: Bold Investments at 99, Supporting Young Neighbors to Build a Real Estate Empire

Stacks Nakamoto Upgrade

STX has never missed out on market speculation surrounding the BTC ecosystem, but previous hype was more like "castles in the air" without a solid foundation. After the Nakamoto upgrade, Stacks will provide the market with higher expectations through improved performance and sBTC.

雨中狂睡2025/11/29 17:51
Stacks Nakamoto Upgrade