UNI Saw a 7% Boost in Value
Uniswap’s UNI token surged by 7.33% over the last day, climbing from a low of $6.9788 to a high of $7.7177. Early Monday, UNI broke through the significant resistance of $7.65, continuing upward amidst strong buyer interest.
The rally reflects a robust pattern of higher lows and a clear breakout from recent price consolidations, with trading volume experiencing a notable spike around 08:00 GMT. This technical setup supports bullish sentiment, illustrating sustained buyer interest.
Analyst Insights
In a recent update, crypto analyst Ali Martinez stated that “UNI is breaking out with momentum” while setting a target around $10, further emphasizing the growing optimism in the market.
As UNI continues to build on its momentum, market participants are closely observing whether it can maintain levels above $7.65–$7.70 and sustain its recent breakout as trading volume fluctuates throughout the week.
Technical Analysis Overview
- UNI established a support level at $6.9788 and advanced past the resistance levels of $7.40 and $7.65.
- A sharp increase in volume occurred between 02:00–05:00 GMT, contributing to the price surge past $7.40.
- The price reached $7.7177 after successfully breaching the $7.60–$7.65 resistance zone, indicating a strong upward trend.
Conclusion
Traders are energized by this positive market movement, which might signal further gains for UNI as it approaches the outlined price target of $10.
