2 days ago
Uniswap’s UNI token continues to amusement bullish momentum, extending its rally aft a breakout adjacent $6.45 and present trading conscionable beneath $6.80.
The terms enactment is supported by explosive trading measurement and wide whale accumulation successful derivatives markets.
Institutional agelong positioning appears to beryllium reinforcing the uptrend, with UNI outperforming broader Ethereum-based tokens.
As Bitcoin's dominance softens, the persistent spot successful UNI suggests marketplace participants whitethorn beryllium rotating into high-cap altcoins with upside breakout potential.
Technical Analysis Highlights
- UNI surged from $6.45 to $7.00 connected June 3, posting a 10.5% intraday summation backed by a 16.4M measurement spike—10x supra the 24-hour average.
- Current terms hovers adjacent $6.79, up astir 6.5% implicit the past 24 hours.Key enactment formed astir $6.56–$6.60 aft the breakout, with consolidation betwixt $6.60 and $6.75 confirming steadfast retracement.
- Price enactment continues wrong a rising channel, with higher lows and breakout measurement patterns suggesting sustained bullish momentum.
- Resistance remains adjacent $6.93–$7.00; a cleanable interruption supra this portion could spark a caller limb higher.
- A little dip to $6.67 astir 07:36 was met with renewed buying, with follow-through spot lifting UNI to $6.78 by 09:15.
- Volume spikes during the 07:21 and 08:00 candles enactment the thought of organization buyers accumulating astatine higher lows.
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