🚀 Uniswap (UNI) Shatters Resistance: $15 Target in Sight as Bulls Take Control

DeFi's favorite DEX just flipped the switch from 'consolidation' to 'launch sequence.'

UNI's breakout isn't just a technical move—it's a declaration of dominance. The $15 target now looms large, with liquidity pools reshuffling like Wall Street traders during bonus season.

Key drivers:

- Protocol fee changes finally translating to token utility

- Whale accumulation patterns mirroring 2023's bull run setup

- Spot volumes eating CEX market share (much to regulators' dismay)

This isn't your 2021 'number go up' meme cycle. The real test comes when UNI hits $14.80—the level where paper hands historically fold faster than a crypto VC's morals during a bear market.

• UNI price surged 25.22% over the past seven days, signaling strong upside.
• Breakout above key resistance confirmed with price now holding above $10.50.
• Technical indicators favor further continuation toward the $15 resistance zone.

Uniswap (UNI) has also recently built bullish momentum with firm indications for further upward movement after a decisive break above a major resistance area.

The token is currently quoted for $10.55 with a 24-hour volume of $468.36 million and a market capitalization of $6.63 billion.

The token has jumped by 3.62% in the last 24 hours and a very decent 25.22% in the last seven days, signaling increasing confidence by investors and buying interest.

UNI’s current 7-day candlestick chart indicates a clear change in market sentiment. The beginning of the week was characterized by a narrow consolidation period when prices went back and forth between $8.60 and $9.20.

There was minimal volume during this period with back-and-forth candles, which indicated indecision and base-building for a potential direction.

Momentum shifted firmly in favor when the token broke through the $10 resistance on the strength of a strong green candle backed by high volume. The breakout was a break into positive ground, with the price action touching levels NEAR $11 before a minor correction.

The correction phase, however, was marked by red bars but was anchored firmly near the $10 mark, a previous resistance now translated into a new base of support by the successful breakout.

Technical Setup Aligns for Higher Targets

From a technical angle, Uniswap has overcome pivotal exponential moving averages (EMA50, EMA100, EMA200), signifying a positive reversal from previous bearish configurations.

The current pattern on the chart has ascending lows forming, with volume softening in a classic consolidation pattern following a breakout, a common prelude to yet another bull leg.

Commentators pay attention to the absence of congestion on the overheads as a smooth landing ground for the token to aim for loftier resistance areas.

The next major level is around $15, a zone previously linked with selling pressure but now within grasp if the uptrend is maintained.

UNI Finds Support as Previous Resistance Flips

A broader technical examination uncovers UNI now comfortably sitting above the significant $7.50–$8.50 region, once serving as a large supply base.

Having this region now flipped over to buying interest with no major resistance on the horizon until the $15 region, the technical setup points toward the persistence of the established trend.

From a wider angle, the present momentum in UNI’s price action, with support from volume and superior technical placement above all key EMAs, is indicative of enduring bullish sentiments.

A successful holding above $10.50 could provide the platform for a run-up towards the $15 mark on subsequent sessions.