UNI Token Increases by 10% Amid Bitcoin Market Consolidation
Uniswap's UNI token increased by 10% this week, coinciding with a wider altcoin market rally.
- Bitcoin is consolidating around $108,000 after reaching a record high of $111,970 last week.
- UNI is currently trading at $7.04, having peaked at $7.63.
- It is testing the $7.00 support level, which was previously resistance.
- If UNI maintains above $7.00, it may target $10, where it faced rejection in February.
- CoinMarketCap's Altcoin Season Index is at 25, indicating a shift from a bitcoin-centric market.