Token

Uniswap

Coin

<ul class="news-points">
 <li>Uniswap surged exceptionally amid a retracing crypto market.</li>
 <li>UNI surged 77.8% to break above the neckline of an inverted head-and-shoulders structure.</li>
 <li>Coinglass reports that UNI’s OI rallied from $89.21M to $151.75M in a few days.</li>
</ul>
UNI, the governance token of the decentralized exchange Uniswap, has bucked the broader crypto market trend with a significant price surge, outperforming major cryptocurrencies.
TradingView’s data <a href="https://www.tradingview.com/x/V1BlM2yj/" target="_blank" rel="noopener noreferrer nofollow">illustrate</a> how UNI’s price surged while other top cryptocurrencies, including Bitcoin, trended downwards.
Notably, UNI bounced off support on June 12 in a classic reversal pattern, initiating a 5-day continuous rally, with the price consistently closing above its opening value. Uniswap gained over 37% during this period amid widespread pullbacks across the crypto market ecosystem.
Considering traditional chart patterns used for technical analysis, UNI’s recent surge reflects a break above the neckline of an inverted head-and-shoulders structure. This represents a classic bullish move that could trigger a potential rally and the next leg of a classic uptrend.
A closer observation shows Uniswap began the recovery move on May 1…
The post <a href="https://coinedition.com/uni-token-soars-amidst-wider-crypto-market-pullback/" rel="noopener noreferrer nofollow">UNI Token Soars Amidst Wider Crypto Market Pullback</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

UNI Token Soars Amidst Wider Crypto Market Pullback

Coin Edition

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