Uniswap Price Breaks Above Key Resistance

Uniswap (UNI) is gaining momentum as traders watch for another breakout, potentially pushing the price up to $12. The token has seen a 6.44% gain over the last 24 hours and is currently trading at $6.19 with a market capitalization of $3.85 billion.

The clean chart structure and rising demand for tokenized stocks are strengthening Uniswap's role in the real-world asset sector, potentially attracting more liquidity and reinforcing its broader DeFi market position.

According to crypto analyst EllioTrades, UNI may generate buying interest if it validates its break above $6.43, which could lead to a move higher to $8.15, $10.29, or even as high as $12.28.