UNI Sees 10% Increase This Week While Bitcoin Stabilizes

It comes as the altcoin season index has risen from 12 to 25.

Key Highlights:

• UNI has risen by 10% this week, reaching a peak of $7.63 before testing the $7.00 support level.
• Bitcoin remains stable at approximately $108,000 following a record high last week.
• CoinMarketCap’s Altcoin Season Index has improved from 12 to 25 this month.

Uniswap’s native token, UNI, has experienced a 10% growth amid a broader rally in the altcoin market. Over the past week, Bitcoin has maintained a value around BTC $108,000 after achieving a record high of $111,970 recently.

Currently, UNI is priced at $7.04, having reached a high of $7.63 at 03:35 UTC, while still testing the $7.00 support threshold, which had previously acted as resistance. If UNI manages to stay above $7.00, a move towards $10 could be feasible, especially since a rejection occurred at that level in February.

CoinMarketCap’s Altcoin Season Index stands at 25, reflecting a preference shift towards altcoins during a Bitcoin-centric market. This is a significant rise compared to last month’s reading of 12, indicating a potential upcoming trend as the index surpasses 75.