Uniswap Breaks Out of Consolidation Range, Approaches $9
Uniswap (UNI) has broken out of a prolonged consolidation range and is experiencing renewed market attention after its recovery from the $2.50-$3.00 area, according to crypto analyst Can Özsüer.
The token has since approached the $9 level, marking a significant shift in market structure following an extended accumulation period and improving buyer interest.
Despite strong appreciation, Özsüer remains patient with the spot market, signaling caution as UNI approaches resistance. The token previously traded largely between $6.00 and $7.00 before breaking above that range.
The breakout delivered fresh momentum toward $9, although recent price action shows signs of short-term hesitation and resistance pressure.