Uniswap (UNI) Price Prediction: UNI Eyes $5 as UNI Extends Bullish Breakout
- UNI breaks above key Fibonacci level as bullish momentum strengthens further.
- Rising open interest supports recovery despite remaining below previous cycle highs.
- Persistent exchange outflows signal traders remain cautious despite UNI’s rally.
Uniswap (UNI) extended its recovery on Thursday after posting strong gains across both daily and weekly trading sessions. The decentralized exchange token climbed above an important technical barrier, reinforcing bullish sentiment across the market.
Technical Breakout Puts Bulls in Control
UNI traded around $4.43 after gaining more than 10% over the past 24 hours and nearly 15% during the previous week. The token also recorded daily trading volume above $435 million while maintaining a market capitalization of roughly $2.74 billion.
The recent breakout above the 0.786 Fibonacci retracement at $4.33 marked a significant…
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