Uniswap Price Surges to Above $4 Amid Oversold Rebound

Uniswap's price has experienced a significant increase to above $4, driven by an oversold rebound across the crypto market. This surge is linked to Bitcoin's retest of $68,000 and a spike in on-chain data showing Uniswap ticking up from oversold conditions.

The token's price increase is not isolated, as other altcoins have also seen a resurgence in value. Ethereum, XRP, and BNB are among those that have broken free from their recent range-bound trading, with prices targeting critical resistance levels.