Uniswap price jumps 20% as UNI hints at massive breakout
The price of the Uniswap token increased by more than 20% per day, reaching $10.99, which is the highest level since April of this year.
Analyst forecasts indicate a possible increase in the price of UNI to $15.40, which corresponds to the peaks of March.
$UNI is a native token in the main DEX platform, probably one of the best since the adoption of Ethereum ETFs.
On Friday, the Uniswap price did not experience consolidation in the market, with the Ethereum (ETH) price surpassing the $3,700 mark. With most altcoins appearing to bounce off key support levels, the price of uni increased more than 20% to reach a multi-week high of $10.95.
This trend is intensifying due to the withdrawal of UNI from exchanges by whales. According to data shared by Lookonchain on X, one such whale withdrew $1.96 million worth of UNI from Binance due to price increases.
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