Uniswap's Resilient UNI Token Targets Breakout to $20

Uniswap's UNI token is showing resilience in the face of broader market weakness. According to Defi Rocketeer, the current setup suggests that buyers are defending support and maintaining a bullish structure.

The technical indicators on TradingView show that UNI continues trading above its 20, 50, 100, and 200 exponential moving averages. This is a strong macro uptrend after rising from a base near $2.15 to a peak above $7.50.

Despite the recent market-wide pullback, buying pressure has remained notable in UNI, suggesting that it may be waiting for market conditions to stabilize before making its next major move.