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The Uniswap token currently stands as the second most profitable coin at the time of writing. This follows a significant price increase of 18.22%. Price activity in this market has recently shown strong upward momentum, and further movement may still be observed.
UNI Statistics
Current Price: $10.49
Market Capitalization: $6.7B
Circulating Supply: 628.73M
Total Supply: 1B
CoinMarketCap Rank: 23
Key Price Levels
Resistance: $11.00, $12.00, $13.00
Support: $10.00, $9.00, $8.00
Uniswap Bulls Are Raging Hot
Today’s trading activity appears quite productive on the UNI/USDT daily chart. The latest price candle can be seen piercing the uppermost limit of the Bollinger Bands (BB) indicator. The BB itself remains widely expanded and tilted upward in response to the prevailing bullish trend.
The Smoothed Rate of Change (SROC) indicator line continues rising above the equilibrium level. Additionally, the most recent candle has a very small upper wick, suggesting that bearish pressure is currently minimal.
UNI Market Finds a Strong Baseline
Even on shorter time frames, the Uniswap market shows continued bullish strength. The ongoing session reveals that price remains firmly above the $10 threshold—also above the upper band of the BB indicator.
Meanwhile, the latest candle shows an upper wick, indicating some mild downward pressure. However, the SROC indicator line is still trending upward above the equilibrium level.
Technically, a pullback toward the $10 price level could occur. Still, the market seems likely to continue its upward trajectory toward the $11.50 level.
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