Uniswap Price Hits $6.31 After 47% Weekly Gain
Uniswap's (UNI) price has surged about 10% in recent days, with the token trading near $6.31. This gain comes after a 47% rise over the past week and a 54% increase month-to-date. The daily volume for UNI has reached $1.15 billion, and there have been $3.75 million in liquidations in the last 24 hours.
The technicals indicate bullish momentum, with the MACD above the signal line and an RSI near 74.86. However, this also means that a pullback is possible, which could take the price to around $6.23 or even lower levels if sellers gain control.
Key resistance sits at $6.39-$6.79, while supports lie at $6.10 and $5.97-$5.70. Despite this, traders view the combination of a healthy macro uptrend and strong buying momentum as a high-conviction signal that the path of least resistance remains up.