TLDR:
- Uniswap (UNI) price jumped 17% after trading volume spiked over 139% in just 24 hours.
- A 3-year broadening wedge pattern suggests a possible breakout toward the $27 level.
- The SEC’s DeFi exemption proposal lifted investor confidence across decentralized protocols.
- Market sentiment remains bullish with 16 green days and Fear & Greed Index showing ‘greed.’
Uniswap (UNI) has lately seen its price push upward following renewed market momentum. The token has surged more than 17% in 24 hours, lifting investor sentiment.
Technical patterns and regulatory shifts appear to be fueling this spike. Analysts point to a potential long-term rally if key conditions hold.
Uniswap Technical Setup Suggests a Major Breakout
Uniswap is approaching the upper boundary of a right-angled ascending broadening wedge, a formation it has followed for three years.
Chart watchers, including analysts from Bitcoinsensus, noted that this pattern often ends in strong upward moves. Historically, 70% of such formations result in price reversals and breakouts.
$UNI Breakout Watch 📈🚨
After 3 YEARS inside a Right-Angled Ascending Broadening Wedge, Uniswap is making its way towards the upper line of the channel.
This move that historically precedes is likely to break out above the top line and go parabolic once DeFi season starts 📈… pic.twitter.com/QvNdWfB45D
— Bitcoinsensus (@Bitcoinsensus) June 10, 2025
The token is now trading around $8.40, with its next resistance zone projected near $10. If price action continues to follow the wedge trajectory, the path toward $27.40 remains possible. This target reflects a potential 240% increase should bullish momentum sustain into what many are calling the next DeFi season.
Momentum behind UNI’s price may also be linked to recent policy developments. On June 10, SEC Chair Paul Atkins proposed an “innovation exemption” for DeFi protocols.
This marks a break from previous positions and could reduce legal concerns surrounding decentralized platforms.
The move has revived investor confidence across DeFi markets. Traders view this clarity as a catalyst for a broader sector rebound. According to Bitcoinsensus, narrative and structure are now aligning in a way that s long-term appreciation.
Uniswap Trading Volume and Sentiment Fuel the Rally
Trading volume for Uniswap soared over 139% in the past 24 hours, signaling strong market interest. According to CoinGecko, the token moved between $7.09 and $8.61, showing high intraday activity. Over the last week, the price climbed nearly 24%.
Data from CoinCodex at press time shows the market sentiment around UNI remains bullish. The Fear & Greed Index sits at 71, indicating greed and increased buying appetite. Uniswap also recorded 16 green days out of the last 30, showing persistent strength.
With current momentum, short-term forecasts suggest Uniswap could reach $11.20 by mid-July. Long-term projections show a potential range between $8.57 and $19.38 in 2025.
Market watchers like Ali, a chart analyst, also noted that UNI appears to have set its sights on the $10 mark. If momentum continues and DeFi adoption rises, UNI may enter what traders refer to as the “Banana Zone,” a term used for parabolic moves during bullish cycles.
#Uniswap $UNI is breaking out with momentum and now has its sights set on $10! pic.twitter.com/PClvcLBe3a
— Ali (@ali_charts) June 11, 2025
