UNI Advances 10% This Week as Altcoin Sentiment Strengthens

Uniswap’s native token, UNI, has surged 10% this week amid a broad rally across the altcoin sector.

This rise comes as Bitcoin consolidates near $108,000, following a fresh all-time high of $111,970 recorded last week.

After hitting an intraday high of $7.63 at 03:35 UTC, UNI is currently trading around $7.04 and is testing the $7.00 level as support—a resistance point it struggled to break over the past several days.

Sustaining support above $7.00 could pave the way for UNI to challenge the $10 mark, a level that triggered selling pressure back in February.

The CoinMarketCap Altcoin Season Index has also climbed, rising from 12 last month to 25, signaling increasing strength in altcoins. Although the market remains largely Bitcoin-driven, the index is moving in the direction of a full altcoin season, typically identified by readings above 75.