UNI Price Eyes $8 to $10 As Bullish Mount Pressure
Uniswap price is hovering above $7, indicating a positive trend in the market. As of the reporting time, the UNI price is trading at $7.02, with a surge of 5.11% over the last 24 hours. According to CoinMarketCap data, the trading volume has reached $120,979,946, reflecting a 9.83% increase in activity, indicating a growing interest in the token.
The daily technical indicator for Uniswap demonstrates a marked increase in trading activity. The Relative Strength Index (RSI) currently sits at 60. This rise in the RSI suggests increasing buying momentum, positioning the asset in the upper echelon of the neutral zone, nearing overbought territory.
the Uniswap platform has seen a significant uptick in trading activity. The total trading volume has surged by 15.56%, amounting to $218.66 million.
The open interest in derivatives linked to the platform has also increased by 5.72%, reaching $93.19 million. This rise indicates a growing interest and higher liquidity in Uniswap’s market, reflecting increased investor engagement and confidence in the decentralized exchange’s offerings.
Uniswap price is nearing a significant resistance level at $10. If it surpasses this mark, it is expected to reach $12. If the bullish trend persists, the price may rise to $15. A further increase in bullish activity could propel Uniswap to a new high of $16 in the next growth phase.
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