Uniswap Surges Over 15%, Market Cap Exceeds $5.2 Billion
Uniswap (UNI) Price Surge
- UNI gained over 15% on June 11, reaching $8.63 before settling at $8.25.
- The token has risen nearly 80% since April lows, driven by regulatory optimism for DeFi in the U.S.
- Market capitalization surpassed $5.2 billion, positioning UNI as the 28th largest cryptocurrency.
- Trading volume increased by 120% to $1.17 billion within 24 hours.
- Open interest in derivatives rose by 54%, hitting an all-time high of $713 million.
- SEC Chair Paul Atkins noted harmful impacts of restrictive regulations on DeFi innovation, indicating a potential shift in U.S. policy.
Price Outlook
- UNI broke past the $7.50 resistance level and added nearly $1 billion to its market cap in the past week.
- Bollinger Bands indicate bullish momentum; support level identified at $6.54.
- RSI stands at 67.4, suggesting potential short-term correction; failure to maintain $7.50 could pull back to $6.60.
- MACD remains bullish; if UNI holds above $7.50–$8.00, the next resistance is $9.50.
- Analyst projections suggest UNI could reach $10 in the near term.
UNI price chart with RSI and Bollinger Bands | Source: Trading View
UNI price chart with MACD | Source: Trading View
Subbd Project Overview
- Subbd aims to revolutionize the content economy with an AI-powered, tokenized platform.
- The project offers automation tools for creators and interactive access for fans.
- SUBBD token is Ethereum-based, providing premium content and staking rewards.
- Current presale raised $647K; the token price will increase shortly.
Presale Snapshot
- Current Price: $0.055625
- Amount Raised: $647,363
- Ticker: SUBBD
- Blockchain: Ethereum