Uniswap Price Rises as UNI Token Breaks Resistance
Uniswap's UNI token has seen significant price growth over the past few days, with its value currently trading at $9.64 per coin.
This increase in price comes after a sharp recovery from levels below $7, and UNI is now testing a long-term resistance area around $9.50.
According to crypto analyst Crypto Patel, UNI has broken above the $9.50 long-term resistance trendline, and the token could potentially reach a price range of between $30 and $50 in the long term.
However, Patel also noted that there can be pullbacks at some point, with UNI possibly falling to $7 or even $5 before a further rally.
The recent move has brought about a change from what was experienced earlier in September, with UNI's price fluctuating between $6.13 and $10.22 on different days.