Uniswap’s UNI Jumps Toward $7 as Whale-Fueled Rally Reshapes Market Sentiment

Uniswap’s UNI token continues to show bullish momentum, extending its rally after a breakout near $6.45 and now trading just below $6.80.

The price action is supported by explosive trading volume and clear whale accumulation in derivatives markets.

Institutional long positioning appears to be reinforcing the uptrend, with UNI outperforming broader Ethereum-based tokens.

As Bitcoin’s dominance softens, the persistent strength in UNI suggests market participants may be rotating into high-cap altcoins with upside breakout potential.

Technical Analysis Highlights

  • UNI surged from $6.45 to $7.00 on June 3, posting a 10.5% intraday gain backed by a 16.4M volume spike—10x above the 24-hour average.
  • Current price hovers near $6.79, up approximately 6.5% over the past 24 hours.Key support formed around $6.56–$6.60 after the breakout, with consolidation between $6.60 and $6.75 confirming healthy retracement.
  • Price action continues within a rising channel, with higher lows and breakout volume patterns suggesting sustained bullish momentum.
  • Resistance remains near $6.93–$7.00; a clean break above this zone could spark a fresh leg higher.
  • A brief dip to $6.67 around 07:36 was met with renewed buying, with follow-through strength lifting UNI to $6.78 by 09:15.
  • Volume spikes during the 07:21 and 08:00 candles support the idea of institutional buyers accumulating at higher lows.

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  • bitcoinBitcoin(BTC)$117,780.00-0.20%
  • ethereumEthereum(ETH)$3,587.560.88%
  • rippleXRP(XRP)$3.42-1.07%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$733.070.38%
  • solanaSolana(SOL)$177.160.05%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2418101.16%
  • staked-etherLido Staked Ether(STETH)$3,580.371.02%
  • tronTRON(TRX)$0.317399-2.89%