UNI Token Rallies 7.33% Amid Breakout and Increased Trading Volume
Uniswap's UNI token rose 7.33% in 24 hours, from $6.9788 to $7.7177. Key points include:
- Breakthrough of resistance at $7.65 during the Asia session.
- Formation of higher lows and breakout above consolidation with increased volume around 08:00 GMT.
- Analyst Ali Martinez noted momentum suggests potential for $10 target.
- Key support established at $6.9788; resistance levels breached at $7.40 and $7.65.
- Volume surged during 02:00–05:00 GMT as price exceeded $7.40.
- Price reached $7.7177 after overcoming the resistance zone of $7.60–$7.65.
- Short pullbacks occurred without breaking the upward trend.
- Latest movement showed a gain of 2.8% from $7.67 to $7.68.
Investors should monitor whether UNI maintains levels above $7.65–$7.70 for sustained bullish momentum.