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At press time, Uniswap (UNI) is changing hands at $3.19, marking an 18.54% gain over the past 24 hours. The rally extends the token’s sixth consecutive day of upward price action after a trough near $2.33 earlier in June.
Trading volume over the past day reached $726.93 million, while UNI’s market capitalization is hovering close to the $2 billion mark.
The broader cryptocurrency sector has seen renewed appetite for risk, with Bitcoin holding above the $67,000 level. The article attributes the improvement to reduced geopolitical uncertainty following reports of a virtual peace accord between the US and Iran, including the reopening of the Strait of Hormuz and a 60-day window for nuclear discussions.
This Monday, Uniswap announced a strategic alliance with Arc, described as a platform for financial applications, stablecoin transactions, and artificial intelligence-driven frameworks. The collaboration is intended to provide Arc’s user base with access to swap technology supported by more than $4.4 trillion in historical trading activity, along with API integration.
Uniswap confirmed the development through its verified X profile, stating it is delivering “deep liquidity on the chain purpose-built for stablecoins.”
On June 16, chartist World Of Charts noted that UNI is nearing a critical technical junction where a prolonged descending trendline intersects with horizontal resistance. The analyst suggested that a decisive breakout above the convergence could potentially double the token’s value in the months ahead.
Open interest in UNI futures expanded to $168 million on Tuesday, up from $152 million the previous day. The metric averaged around $135 million on Friday, indicating a steady increase in active market engagement.
Geoff Kendrick, an analyst at Standard Chartered, issued price forecasts on Monday. His outlook places UNI at $6.50 by the conclusion of 2025 and $100 by 2030.
Kendrick’s thesis is that Uniswap should be viewed as fundamental market infrastructure for conventional finance rather than only a platform for retail speculation. He pointed to accelerating adoption of tokenized financial instruments and increasing Wall Street engagement with decentralized finance ecosystems.
The Relative Strength Index (RSI) has climbed back toward 54 on the daily timeframe, exiting previously oversold conditions. The MACD histogram has turned positive, suggesting selling pressure is beginning to subside.
UNI recently moved above the middle Bollinger Band at $2.77, while the upper band is currently at $3.22. The widening gap between the bands indicates heightened market volatility.
Traders are advised to monitor resistance levels including the 50-day exponential moving average at $3.03 and the 61.8% Fibonacci retracement level around $3.37. Downside support is cited at the 78.6% Fibonacci retracement near $2.91, with a stronger base around $2.33.
As of this writing, UNI’s valuation has returned above the upper Bollinger Band threshold of $3.22.
