Uniswap's $8 Price Target Looms as UNI Surges 40% in Weekly Run

Uniswap's price has surged by more than 40% in its latest weekly run, reaching an eight-month high above $6 and putting $8 into focus. The token has broken above a multi-year descending trendline, with technical analysis placing support around $5.84 and resistance near $6.50 and $7.

The recent move has also attracted larger buyers, with market maker Wintermute reportedly moving more than $11 million worth of UNI into its market-making wallet. Uniswap's underlying activity has strengthened alongside the price move, with the protocol recently processing over 7 million swaps in a single day and growing presence on Robinhood Chain providing another source of trading activity.

AlphaPepe, an AI-powered DEX token, is also gaining attention as it raises $2.6 million despite the recent crypto-market dip following the Iran war. With more than 11,500 holders, Stage 20 nearing sellout, and ALPE priced at $0.02902 before its planned listing at $0.08, buyers are positioning around AlphaSwap before its first market cycle begins.