UNI jumps 7% – crypto analyst sees breakout momentum toward $10
|Uniswap’s UNI token gained 7.33% over the past 24 hours, climbing from a low of $6.9788 to a high of $7.7177 by early Monday. The token broke through key resistance near $7.65 during the Asia session and continued pushing higher, showing sustained interest from buyers.
The price rally was marked by a steady formation of higher lows and a breakout above recent consolidation, supported by a notable spike in volume around 08:00 GMT. This technical setup helped UNI reclaim territory last seen in late March and reinforced short-term bullish sentiment.
On June 11, crypto analyst Ali Martinez posted on X that “$UNI is breaking out with momentum and now has its sights set on $10,” echoing the growing optimism among traders. Monday’s price action has brought that level closer into view as UNI builds on its upward momentum with minimal pullbacks.
The next key area to watch will be whether UNI can hold above the $7.65–$7.70 region and sustain its breakout as trading volume evolves throughout the week.
Technical analysis highlights
- UNI established support at $6.9788 before breaking through resistance levels around $7.40 and $7.65.
- Volume increased sharply during the 02:00–05:00 GMT window, accompanying a price surge past $7.40.
- Price reached $7.7177 after breaching the $7.60–$7.65 resistance zone.
- The chart shows a series of higher lows throughout the period, indicating upward price structure.
- During the 08:00–08:04 GMT interval, volume spiked again as UNI surpassed $7.65.
- In the most recent hour, UNI moved from $7.67 to $7.68, a 2.8% intraperiod gain.
- Short pullbacks occurred around 07:20 and 07:43, with subsequent recoveries.
- Price movement over the period remained within an ascending range.
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