Uniswap's UNI token is extending its upward trend, recently breaking the $6.45 mark and trading just under $6.80. This rise is backed by a significant increase in trading volume and notable whale activity in futures markets. As Bitcoin's dominance decreases, the ongoing strength in UNI hints at a market shift towards high-cap altcoins with breakout potential.
On June 3, UNI spiked from $6.45 to nearly $7.00, achieving a 10.5% gain during the day, fueled by a surge in volume that hit 16.4 million—ten times the 24-hour average. Currently, prices hover around $6.79, reflecting a 6.5% increase over the last day. Key support levels are observed between $6.56 and $6.60, with consolidation in the range of $6.60 to $6.75 indicating a healthy correction. The price action suggests UNI is maintaining bullish momentum within a rising channel, characterized by higher lows and significant volume patterns. Resistance lies around the $6.93–$7.00 area, and a breakthrough in this zone could lead to further upward movement. A minor dip to $6.67 earlier was quickly met with buying activity, again highlighting the interest from institutional investors in accumulating at favorable prices.
On June 3, UNI spiked from $6.45 to nearly $7.00, achieving a 10.5% gain during the day, fueled by a surge in volume that hit 16.4 million—ten times the 24-hour average. Currently, prices hover around $6.79, reflecting a 6.5% increase over the last day. Key support levels are observed between $6.56 and $6.60, with consolidation in the range of $6.60 to $6.75 indicating a healthy correction. The price action suggests UNI is maintaining bullish momentum within a rising channel, characterized by higher lows and significant volume patterns. Resistance lies around the $6.93–$7.00 area, and a breakthrough in this zone could lead to further upward movement. A minor dip to $6.67 earlier was quickly met with buying activity, again highlighting the interest from institutional investors in accumulating at favorable prices.
