Uniswap's UNI token is on an impressive run, having gained over 20% in the last 24 hours and nearly 44% over the past week. As of press time, it traded near $3.52, supported by strong buying activity and renewed optimism across the broader cryptocurrency market.
The latest rally has pushed UNI above several important technical barriers, strengthening expectations that buyers could attempt a move toward the $4 level in the coming sessions. The token currently holds a market capitalization above $2.17 billion, while daily trading volume has surged to more than $728 million.
UNI's recent advance follows a decisive breakout from a prolonged consolidation range near $2.35 to $2.50. Since then, buyers have driven the token through multiple resistance zones and key Fibonacci retracement levels.