Uniswap Price Surge Hits Speed Bump Near $9.44, What's Next for UNI?

The Uniswap (UNI) price has surged to almost triple from its local bottom in mid-August, reaching around $9.44 before experiencing a sharp rejection near that level.

This recent breakout is significant as UNI firmly cleared the $7.20-$7.50 region that previously rejected the asset in September, causing it to correct towards $5.90 but ultimately stabilizing between $6.00 and $6.70 before soaring.

While technically bullish, buying at the earlier breakout level is riskier than chasing a nearly vertical move. The immediate targets if buyers regain control are $9.00 and the most recent peak of $9.44, with $10 emerging as the clear psychological level later on.