Uniswap Price Breaks Key Trendline Resistance as Institutional Interest Surges
Uniswap's (UNI) price has broken above a multi-month descending trendline, climbing nearly 13% over the past week. This uptrend is fueled by improving fundamentals and renewed whale accumulation, which has driven bullish sentiment in the market.
The recent introduction of Permissioned Pools on Uniswap's v4 protocol has enabled regulated institutions to trade tokenized real-world assets (RWAs) while complying with on-chain regulatory requirements. Cumberland, a crypto market maker, accumulated more than $6.7 million worth of UNI in just four hours.
The RSI has climbed to 56.26, indicating strengthening buying momentum without entering overbought territory. The CMF has crossed into positive territory near 0.01, suggesting fresh capital inflows are returning to UNI after months of selling pressure.