UNI Surges 45%, Can $10 Be Reached Before the End of the Month?

Uniswap's token, UNI, has experienced its third consecutive day of gains, reclaiming price levels not seen in several months. The token is now up more than 45% over seven days, driven by a spectacular surge in trading volume.

This move did not happen in a vacuum: it is backed by trading volume that has crossed the $1 billion threshold, up from less than $400 million during the ranging phase.

The token's ability to digest historical resistance levels will be critical for the continuation of the move. A partial retracement toward $5.50-$5.80 would not be unusual in this context and could even offer a healthier entry point ahead of the next leg up.