Uniswap, a popular DeFi token, has attracted attention recently due to its consistent price strength. The trading volume surged by over 300% within hours, reaching almost $900 million from below $300 million. Despite stabilization in volume, the bullish sentiment for the token remains strong. Following a prolonged consolidation period, the UNI price broke out and crossed the 10-dollar mark. However, a bearish pullback early in the quarter erased a significant portion of its gains. The current trend of bullish candles suggests a possible 10% price increase. After reaching yearly highs, the UNI price experienced a strong bearish trend, but a notable rebound occurred in late May, rekindling hopes for higher targets. The RSI rebound from the ascending support indicates a potential upward movement. Breaking and maintaining above $10.5 after hitting the crucial $10 resistance level could establish a solid uptrend. The 50-day MA providing strong post-rebound support further strengthens the bullish outlook. Despite potential crowd-induced corrections, completion of the retracement post-10% surge sets the stage for a bullish scenario.