Uniswap Price Surge: Will UNI Reach $10 Soon?
Uniswap (UNI) has surged 35% in 24 hours, sparking new
interest and bringing its price closer to the $10 mark. Positive
investor sentiment, with most daily transactions profitable, has helped strengthen Uniswap’s liquidity, making UNI more
appealing.
Technical Indicators Signal Growth Potential
Uniswap’s Exponential Moving Averages (EMAs) hint at a bullish trend. The gap between the 50-day and 200-day EMAs has
narrowed, suggesting a possible “Golden Cross,” an indicator of a potential uptrend.
Can UNI Break $10?
Currently trading at $9.19, UNI has reclaimed $9.09 as support.
If it maintains this level, $10 could be next, marking a strong
bullish trend. However, a drop below $9.09 could see UNI
retest support at $8.23 before another rally attempt.
