bullish

Future

Uniswap

when

<ul class="wp-block-list">
 <li>UNI surged 35%, reclaiming key support at $9.09.</li>
 <li>Potential Golden Cross may signal sustained bullish momentum.</li>
</ul>
Uniswap’s native token, UNI, has seen a remarkable 35% surge in the past 24 hours, marking a four-month high of $9.41. This comes in a broader market upswing following Donald <a href="https://thenewscrypto.com/pro-crypto-candidates-lead-in-2024-us-election/" rel="noopener noreferrer nofollow">Trump</a>‘s re-election as the 47th U.S. president, which has sent bullish ripples across the crypto landscape. Trading volume for UNI has also skyrocketed, increasing by an impressive 665%, reflecting heightened investor interest and market activity.
The rally is particularly notable considering UNI was trading at a two-month low of $6.62 just two days ago. This rapid turnaround highlights renewed investor confidence, with market sentiment leaning heavily towards optimism. The consistency of these profitable transactions has been a key factor in maintaining Uniswap’s liquidity, a critical component for attracting further investment.
Moreover, high liquidity remains a cornerstone for Uniswap’s ongoing success, providing a secure trading environment that appeals to both new and experienced investors. The influx of capital driven by sustained profits could bolster Uniswap’s position, paving the way for continued growth.&nbsp;
<h3 class="wp-block-heading" id="h-uni-s-near-future">UNI’s Near Future</h3>
Technical indicators are aligning to reinforce this positive outlook. Currently, Uniswap’s <a href="https://coinmarketcap.com/currencies/uniswap/" rel="noopener noreferrer nofollow">EMAs</a> (Exponential Moving Averages) suggest the potential formation of a Golden Cross. While the token is still experiencing the bearish influence of a Death Cross—formed three months ago when the 50-day <a href="https://in.tradingview.com/symbols/UNIUSDT/" rel="noopener noreferrer nofollow">EMA</a> dropped below the 200-day EMA—the recent surge has significantly narrowed this gap.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdVXMzt1D4JmOUqvFjQlVm-UvTDT_GHaBl14FcQZpYpjgJJzCtDrt9clkRDfg3hZTAc6td-X8AcfZ4YSoZFfVI5Ez9NNn3WkDBOs6dmTaVP00XumbTad1RZeVsRdfP40mUwud8XYe2Nf6oWNFXS1tW_1bCn?key=hfX4uB5ERX8EHUncVK2b_rkD" alt="">
 <figcaption class="wp-element-caption">
 UNI Price Chart, Source: Tradingview
 </figcaption>
 </figure>
</div>
Should UNI hold steady above $9.15, its next major challenge will be breaking the $10.06 resistance, a level not tested in nearly five months. Successfully flipping this resistance into support could solidify the bullish trend.
However, failure to uphold the $9.15 support could result in a retracement to $8.23 or lower, potentially dampening the bullish sentiment and necessitating a consolidation phase before another upward attempt. As the <a href="https://thenewscrypto.com/will-president-donald-trump-deliver-the-crypto-manifesto-as-promised/" rel="noopener noreferrer nofollow">market</a> awaits Uniswap’s next moves, investor focus remains on key support and resistance dynamics.
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What Is Next for Uniswap (UNI) After a 35% Rally?

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