Uniswap Price Surges as SMBC Nikko Prepares New Trading Venue
SMBC Nikko, Japan's largest securities firm, is building a new trading venue on Uniswap. According to a post by Uniswap, the venue will be launched on-chain in mid-2027. The launch of this trading venue is still far off and it's unclear how it will affect the UNI token itself.
Meanwhile, Uniswap's price has been showing signs of accumulation, with a strong signal detected by CW. This means that buyers are slowly adding to their holdings, usually while the price moves sideways. The post suggests that a second phase of accumulation is underway in this range.
The technical analysis of UNI's price shows that it peaked at $11.0174 in September and then made lower highs along a falling trendline. However, with the latest 4H candles having pushed above the trendline, a bullish momentum has been formed.