Uniswap (UNI) Price Analysis: Trading in a Narrow Range, Potential for Bullish Breakout

The price of Uniswap (UNI) has been trading in a narrow range in recent days, indicating a period of consolidation. However, there are signs that a bullish breakout could be on the horizon.

The chart shows UNI trading between a resistance level around 16.62 and a support level around 16.32. If the price can break above the resistance level, it could signal a bullish trend and lead to further price appreciation.