Uniswap’s UNI Soars Over $6.37 as Traders Overcome Challenges from Trump’s Tariff Battle
Uniswap’s UNI Surges Past $6.37 as Buyers Ignore Trade War Concerns
Uniswap’s native token, UNI, has pushed above the $6.37 mark, shrugging off the volatility caused by escalating global trade tensions. After starting at around $6.09, UNI steadily climbed to $6.40, setting a firm support zone just above $6.30.
Despite ongoing macroeconomic uncertainty driven by geopolitical risks and speculation about interest rate moves in Europe and the U.S., UNI is drawing attention as traders rotate funds into altcoins seeking fresh opportunities.
The token saw a sharp increase in trading volume early in the session, peaking near $6.56, signaling a possible short-term resistance level. However, when prices pulled back, buyers jumped in aggressively, maintaining the bullish momentum as long as the price holds above the $6.30 to $6.33 support band.
Technical Highlights:
- UNI posted a 5% gain in the past day, climbing from $6.09 to $6.40 amid choppy trading conditions.
- A steady uptrend was observed with higher lows, though resistance at $6.57 held strong, accompanied by a volume surge of 3.89 million tokens.
- Buyers defended the $6.30-$6.33 support level repeatedly, with the price fluctuating within a range that equates to roughly 8% of the starting price.
- The token dipped briefly to $6.36 late in the session but rebounded, forming higher lows and highs.
- Trading volume spiked to 56,320 units at 07:59, highlighting buyer conviction.
- The support zone between $6.38 and $6.39 remains intact, with resistance near $6.41 being tested multiple times.
- Continued consolidation above $6.40 suggests the rally has potential to extend further.
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