Uniswap Price Breaks Above Key Averages Amid Surge in Protocol Fees
Uniswap (UNI) has broken above key moving averages and is trading at $4.07, up 7.18% intraday.
The surge in protocol fees, which have risen by 37-70%, indicates robust user activity and increased demand for UNI.
The bullish technical structure of UNI/USD suggests consolidation within the $3.8971 to $4.411 range over the next 2-3 sessions, with a higher probability of an upside breakout than a downside reversal.