- Uniswap’s UNI token rose 7.33% in the last 24 hours, reaching a high of $7.72.
- The price surpassed key resistance levels around $7.65 during Asian trading hours.
- The rally was supported by increased trading volume and a consistent pattern of higher lows.
- Crypto analyst Ali Martinez indicated UNI’s next target price could be $10.
- Traders are now watching if UNI can remain above the $7.65–$7.70 price range.
Uniswap’s UNI token increased 7.33% over the past 24 hours, moving from a low of $6.98 to a peak of $7.72 by early Monday. The token broke above important resistance levels near $7.65 during the trading session in Asia, showing steady buying activity.
This latest price movement featured a steady rise with higher lows and a strong upward breakout, backed by a spike in trading volume around 08:00 GMT. This pattern allowed UNI to return to price levels that it last reached in late March, boosting short-term optimism among traders.
On June 11, crypto analyst Ali Martinez stated on X that “$UNI is breaking out with momentum and now has its sights set on $10,” signaling positive attitudes from crypto market participants. Monday’s session brought UNI closer to that mark as the token continued its climb with very few pullbacks.
Recent technical analysis shows that UNI established a price floor at $6.98 before overcoming resistance at $7.40 and $7.65. Trading volume rose sharply between 02:00 and 05:00 GMT, pushing the price past $7.40. After breaking the $7.65 ceiling, UNI reached a high of $7.72, with another surge in volume as this milestone was crossed. During the 08:00 to 08:04 GMT period, volume spiked again while UNI moved above $7.65, and a 2.8% gain was recorded between $7.67 and $7.68 in a single hour.
Brief price dips occurred around 07:20 and 07:43, but quick rebounds followed. Throughout this advance, UNI’s price remained within an ascending range.
The current focus is whether UNI can hold above the $7.65–$7.70 zone and maintain its breakout as trading volume develops during the week. For further analysis from Ali Martinez, visit his post on X.
Note: Parts of this article were generated with AI tools and later reviewed by editorial staff for accuracy.
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