Uniswap is experiencing a bullish breakout after exiting an inverse head-and-shoulders pattern on its daily chart. This momentum has propelled the price to over 20% gain in just 24 hours, reaching $8.61 on June 11, up 84% from its April low. Its market cap has surpassed $5 billion, overtaking Aave (AAVE). 24-hour trading volume has surged by more than 150%, with over $1.39 billion in transactions recorded. This surge is reflected by the 54% increase in open interest on derivatives markets, indicating increased long positions among traders. The long/short ratio also remains above 1, signifying a stronger buying sentiment within the market. Technical indicators confirm its positive trajectory, having broken out of multiple bullish patterns on the daily chart.