Uniswap Price Surges 7%, Faces Consolidation Ahead of Key Resistance

Uniswap's price has surged by nearly 7% on August 27, breaking through bullish structures on its daily chart. The UNI token reached a high of $4.84 before pulling back to $4.57. Strong spot demand and whale accumulation are supporting the uptrend, with technical indicators like OBV, MACD, and Awesome Oscillator confirming momentum.

Despite sweeping overhead liquidity zones and approaching the $5 level, Uniswap may enter a short consolidation phase before targeting higher prices around $5.11 and $5.97. Technical indicators suggest that the uptrend remains intact, but caution is advised as the token faces resistance near its previous highs.