The price of Uniswap (UNI) has been experiencing positive changes in the market, significantly increasing after a period of consolidation.
Current Uniswap Market Performance
According to CoinMarketCap, the current price of the UNI token is $7.11, reflecting a 7.45% increase over the past 24 hours. The market cap reached $4.47 billion, while trading volume surged to $898.03 million, marking a 79.41% rise.
Breakout from Long-Term Falling Wedge
The UNI price has demonstrated a breakout from a long-term falling wedge pattern that began in late 2024. There are signs of a distributed model, suggesting the possibility of further growth. Projected price levels range from $10 to $11, corresponding with resistance zones established in mid-2024.
Inverse Head and Shoulders Fuels Momentum
A clear inverse head and shoulders pattern on the UNI/USDT chart indicates potential for further price increases. The resistance level at $7 has been tested multiple times, expressing the possibility of a breakout and a rise in price to $9.
Current market data and technical models suggest a potential rise in UNI prices. Significant resistance levels and formations may indicate a continuation of positive trends.
