Uniswap Price Breakout Sets Stage for $11.50 Rally
Uniswap's price has broken out of a key resistance zone, setting up a potential 90% rally toward $11.50. According to an analysis on FXEmpire, UNI's weekly chart shows a multi-year breakout structure that is beginning to repeat itself. In 2023, the token found buyers in this area and rallied 236% after breaking above a descending trendline.
Fast forward to 2026, when UNI fell below the same support zone but has since reclaimed it. The price has also moved back above its descending resistance trendline and is trading near $6, up roughly 17% this week. Additionally, the token has surpassed its 100-week exponential moving average (EMA), which is another bullish signal.
The next hurdle for UNI's price is clearing its 200-week EMA near $7.81 before a larger continuation move can be confirmed.