Uniswap’s UNI Eyes $10 as Breakout Rally Gains Steam

Uniswap’s native token, UNI, surged over 7% early Monday, breaching critical resistance near $7.70 and building on bullish momentum that could push prices closer to the $10 mark, according to market analysts.

The token climbed from a session low of $6.97 to a high of $7.72 in early Asian trading, registering a 7.33% gain over the past 24 hours. The breakout above the $7.65–$7.70 range marked a key technical development, backed by a spike in trading volume around 08:00 GMT.

UNI’s upward trajectory follows a clean breakout from recent consolidation, characterized by a series of higher lows and strengthening demand. Price action on Monday returned UNI to levels last seen in late March, with bulls showing renewed confidence.

Crypto analyst Ali Martinez recently noted on X that “$UNI is breaking out with momentum and now has its sights set on $10.” The latest rally brings that target into focus, as traders closely monitor whether UNI can maintain support above $7.65 to confirm the move.

Technical Analysis Snapshot:

• Support formed at $6.9788 before the breakout.
• Key resistances at $7.40 and $7.65 were cleared during early trading.
• Volume surges between 02:00–05:00 GMT and again at 08:00 GMT reinforced bullish conviction.
• Higher lows continue to define the short-term structure.
• UNI hit $7.7177, approaching key resistance levels last tested in Q1.
• Short-term gains continued with a 2.8% rise during the 08:00–09:00 GMT window.
• Minor pullbacks around 07:20 and 07:43 were met with immediate buying pressure.

With the price structure staying within an ascending range, UNI’s next move hinges on whether bulls can consolidate gains above $7.70 and sustain volume through the week. A decisive move higher could validate the $10 target as market conditions evolve.