UNI Token Surges 37.9% as SEC Opens Door to Tokenized Stocks

Uniswap's UNI token has entered a stronger trading phase as price momentum accelerates across the daily chart. After gaining 27.10% over 24 hours, UNI climbed to around $8.59 and posted a 37.90% increase over the past seven days. The token now carries a market capitalization of about $5.34 billion.

The latest rally also cleared the 0.786 Fibonacci level at $7.69. However, traders now face a more important test near $8.92, with a decisive move above this zone potentially opening the door to further price discovery. If buyers fail to defend this area, UNI could pull back toward $7.69, exposing deeper support levels at $6.72 and $5.36.

Rising open interest to $621.26M signals stronger derivatives activity behind UNI's rally. The latest netflow reading showed an inflow near $3.45 million, indicating stronger capital entering UNI's spot markets. However, alternating inflows and outflows suggest that demand remains uneven.