Uniswap's $4.05 Breakout: Bullish Acceleration or False Start?

Uniswap (UNI) is at a critical juncture as it tests the $3.90-$4.05 resistance zone.

The token's recent rally from its June lows has created a solid uptrend, with higher highs and higher lows.

A daily close above $4.05 would be a strong technical breakout signal, but rejection at this level could expose UNI to a retracement towards $3.50 or even $3.20 if market sentiment deteriorates.

The RSI (Relative Strength Index) is in a neutral to slightly bullish zone, indicating the recent rally has not yet exhausted its potential.

Buying momentum remains intact, with both lines of the MACD (Moving Average Convergence Divergence) in positive territory and a histogram trending wider.