Uniswap Price Soars Above Multi-Month Trendline, Eyes $7 Target

Uniswap's price has broken above a multi-month descending trendline, with the breakout putting potential targets of $7 and $7.50 in focus.

UNI is currently trading at around $6.27 after recovering from a June low of approximately $2.80, while significant whale accumulation near $5.76 and expanding Uniswap activity on Robinhood Chain strengthen the setup for further growth.

However, buyers now face a major resistance band near $7, which could pose a challenge to any upward momentum.