Uniswap v4 Launch Fuels UNI Surge – Resilient Despite Security Breach
Uniswap's latest version release has sparked a notable increase in UNI's value. This surge comes even after a recent security breach that tested the platform's resilience. The article will explore how this update impacts the market and identify which other cryptocurrencies show potential for growth amidst these changes.
Uniswap (UNI) Eyes Recovery with Rapid 20% Monthly Surge
Source: tradingview
Uniswap (UNI) is making waves with a recent price hike. Currently priced between $7.49 and $9.29, the coin has seen a monthly increase of nearly 21%. Despite a drop over the past six months, optimism grows as it tests resistance at $10. Breakthroughs here could push UNI towards $11.88, representing a potential 28% rise from current levels. Support sits at $6.47, providing some stability. The RSI sits just below 50, suggesting neither overbought nor oversold conditions. With the SMA nearing $9, there’s anticipation of continued growth. Market watchers are keen on UNI’s next move, given its recent momentum and potential for further gains.
Conclusion
Uniswap's ability to rally in the face of adversity highlights both its technical strength and community confidence. With UNI regaining upward momentum and the v4 upgrade promising improved functionality, the stage is set for potential continued gains. As DeFi evolves, Uniswap remains a critical project to watch — not just for its recovery, but for its role in shaping the sector’s next phase.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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