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Uniswap's UNI Token Eyes 80% Surge Towards $12.70

Guavy AI Editorial Team
Instruments
UNI
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Uniswap's native token UNI has broken out of a falling wedge pattern that compressed its price for nearly two years, potentially leading to an 80% surge towards $12.70.

The breakout was confirmed in August with UNI reclaiming key moving averages and showing strong buying momentum.

This bullish trend is supported by improved fundamentals including a token burn mechanism and expansion across new networks alongside increased whale buying activity.

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