Uniswap's Price Surge Raises Questions About Breakout Potential

Uniswap's price surge of 15% to $4.00 is being driven by renewed speculative interest, with trading volume increasing more than 144%. This sudden uptrend has traders wondering if the cryptocurrency can break through its major resistance levels at $4.92 and $6.60.

Rising open interest and a shift in market positioning on Binance further suggest that professional accounts expect continuation of the upward trend. However, this also increases the risk of sharp corrections if sentiment flips.