Uniswap’s UNI token continues to indicate bullish momentum, extending its rally after a breakout close to $6.45 and now buying and selling slightly below $6.80.
The worth motion is supported by explosive buying and selling quantity and clear whale accumulation in derivatives markets.
Institutional lengthy positioning seems to be reinforcing the uptrend, with UNI outperforming broader Ethereum-based tokens.
As Bitcoin’s dominance softens, the persistent energy in UNI suggests market members could also be rotating into high-cap altcoins with upside breakout potential.
Technical Evaluation Highlights
- UNI surged from $6.45 to $7.00 on June 3, posting a ten.5% intraday acquire backed by a 16.4M quantity spike—10x above the 24-hour common.
- Present worth hovers close to $6.79, up roughly 6.5% over the previous 24 hours.Key assist shaped round $6.56–$6.60 after the breakout, with consolidation between $6.60 and $6.75 confirming wholesome retracement.
- Value motion continues inside a rising channel, with greater lows and breakout quantity patterns suggesting sustained bullish momentum.
- Resistance stays close to $6.93–$7.00; a clear break above this zone might spark a contemporary leg greater.
- A short dip to $6.67 round 07:36 was met with renewed shopping for, with follow-through energy lifting UNI to $6.78 by 09:15.
- Quantity spikes through the 07:21 and 08:00 candles assist the thought of institutional patrons accumulating at greater lows.
