Uniswap (UNI) has experienced a significant rally, increasing by 35% in the past 24 hours. This surge suggests a sustained rally that could push the price of UNI above $10. The market sentiment for Uniswap is positive, with daily on-chain transactions reporting profits rather than losses. This indicates that investors have not faced significant downturns and motivates continued trading activity. Maintaining high liquidity is important for attracting further investment, and the recent rally may result in a stronger influx of capital. Technical indicators suggest a potential golden cross, which is a bullish signal for future price increases. Currently trading at $9.19, Uniswap's next target is to break through the resistance at $10.06. However, if Uniswap fails to maintain the support level at $9.09, the price could potentially drop to $8.23 or lower.



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