Uniswap’s UNI Breaks Out of Falling Wedge; Target Prices Hit $10-$11

The Uniswap UNI token price has broken out of a long-term falling wedge pattern, indicating an upward trend. Analysts cite expanding DeFi applications and growing institutional interest as key drivers for this bullish momentum. The breakout is further fueled by the coin’s recent surge in price following market consolidation, which saw the cryptocurrency open at $6.6335 before surging to its current value of $7.11, reflecting a 7.45% increase over the past 24 hours. Volume surged to $898.03 million, marking a 79.41% surge in trading activity. 7.45% growth in volume and market cap (reaching $4.47 billion) is indicative of active trading activity.