Date: Mon, June 16, 2025 | 06:10 AM GMT
The cryptocurrency market is making a quiet comeback as the new week begins, recovering from weekends volatility driven by escalating geopolitical tensions between Israel and Iran. Ethereum (ETH) has jumped 2.38% today to reclaim the $2,600 mark, lifting sentiment across altcoins — including Uniswap (UNI).
UNI is showing strength again with a 4% gain on the day, and a well-defined harmonic pattern forming on the chart suggests that this recovery could be more than just a dead cat bounce.
Harmonic Pattern Hints at Upside Move
On the 2-hour chart, UNI is forming a textbook Bearish Bat harmonic pattern — a setup known to forecast continued upside until the pattern nears its “Potential Reversal Zone” (PRZ).
Currently, UNI is developing the final CD leg of the pattern and is trading around $7.58. If the Bat pattern continues to unfold, price action could extend into the PRZ, which lies between $8.45 (0.886 Fib) and $8.67 (1.0 Fib) — representing a potential 11% to 14% upside move from current levels.
What’s Next for UNI?
If UNI continues to climb steadily toward the $8.45–$8.67 resistance zone, it would confirm the Bat pattern and potentially spark further buying from traders who rely on harmonic analysis. But caution is warranted — the PRZ often acts as a short-term top where profit-taking and temporary selling pressure emerge.
That said, unless market-wide volatility reaccelerates, the structure currently favors more upside in the near term. A clean break into the PRZ followed by consolidation could set the stage for a secondary breakout — possibly into the $9+ territory if momentum persists.
Overall, UNI’s chart is showing early signs of a rebound, backed by a textbook harmonic setup. While global tensions remain a wildcard that could override technical patterns, the short-term outlook looks promising — particularly for traders watching harmonic cues.
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