Uniswap (UNI) is riding a wave of renewed bullish momentum, with its price inching closer to the critical $8.74 resistance level. This surge has captured the attention of investors eager to see if UNI can overcome this hurdle and unlock fresh upside potential. As the market sentiment shifts more positively, the $8.74 level is a pivotal strength test for Uniswap’s rally. This article uncovers the dynamics behind Uniswap’s climb toward $8.74, evaluating if this resistance level could be the gateway to further gains. We’ll examine the key technical indicators, market sentiment, and potential challenges to determine if UNI’s bullish momentum can sustain a breakout, positioning it for a move to higher levels. What’s Driving The Recent Uniswap Surge? After rebounding from the $6.742 support level, UNI has displayed robust bullish momentum, pushing decisively above the 100-day Simple Moving Average (SMA) on the 4-hour chart. The move indicates a strong shift in sentiment as buyers regain control, propelling Uniswap toward the critical $8.748 resistance mark. Now approaching this resistance, UNI is testing the resilience of its upward stre ..
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