Uniswap breaks out with 17% rally – but UNI’s surge isn’t what it seems

Uniswap’s UNI token surged to 7.67 USD, reaching a high not seen in two months. It successfully surpassed the previous resistance at 7.50 USD, and positive whale activity suggests significant interest from large holders.

To maintain its upward trajectory, UNI must hold the 6.87 USD support level. A golden cross in moving averages will validate the trend, but profit-taking poses risks for continuation.

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