Uniswap Extends Bullish Breakout Above $4.33 as Buyers Rebuild Exposure
Uniswap (UNI) extended its recovery on Thursday after posting strong gains across both daily and weekly trading sessions. The decentralized exchange token climbed above an important technical barrier, reinforcing bullish sentiment across the market.
The recent breakout above the 0.786 Fibonacci retracement at $4.33 marked a significant shift in market structure. Buyers quickly pushed the price toward the recent swing high near $4.58 before momentum slowed.
Moreover, the moving averages continue supporting the uptrend. UNI trades comfortably above the 20-day EMA at $4.10, the 50-day EMA at $3.92, the 100-day EMA at $3.77, and the 200-day EMA at $3.56.
Although speculative positioning remains far below previous highs, the steady increase suggests traders have started rebuilding exposure.