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Crypto

UNI Extends Bullish Breakout Above $4.33 Fib Level

Guavy AI Editorial Team
Instruments
UNI
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Uniswap's UNI token has extended its bullish breakout, trading at around $4.43 after a significant price gain over the past 24 hours and week.

The decentralized exchange token climbed above an important technical barrier, clearing the 0.786 Fibonacci retracement at $4.33 and rising open interest supporting the recovery.

However, persistent exchange outflows signal trader caution, indicating that despite UNI's rally, traders remain cautious.

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