Uniswap (UNI) saw its price leap 17%, surpassing $10.75, with over $1.2 million in liquidations. This surge followed Uniswap’s firm stance against the U.S. SEC and notable whale withdrawals from exchanges. The token emerged from a 35-day consolidation phase, hinting at a potential 30% rally.
On-chain data and technical indicators suggest that Uniswap’s bullish momentum could push its price to $13.0. The recent spike in the Age Consumed index supports this outlook, indicating dormant tokens are moving, often preceding price rallies. The open interest in UNI has surged by 38% to $120 million, showing bullish dominance. This highlights Uniswap’s strategic importance in the evolving cryptocurrency landscape.
