At press time, Uniswap (UNI) is changing hands at $3.19, marking an impressive 18.54% gain over the past 24 hours. This rally represents the sixth consecutive day of upward price action following a trough near $2.33 earlier in June.
Uniswap (UNI) Price
Trading volume over the past day reached $726.93 million, while the token’s market cap hovers close to the $2 billion mark.
The cryptocurrency sector has experienced renewed appetite for risk, with Bitcoin holding above the $67,000 level. Contributing factors include reduced geopolitical uncertainty following reports of a virtual peace accord between the US and Iran, which includes the reopening of the Strait of Hormuz and a 60-day window for nuclear discussions.
This Monday, Uniswap unveiled a strategic alliance with Arc, a specialized platform designed for financial applications, stablecoin transactions, and artificial intelligence-driven frameworks. This collaboration provides Arc’s user base with access to swap technology underpinned by more than $4.4 trillion in historical trading activity, complete with API integration.
[[EMBED_0]]The decentralized exchange confirmed the development through its verified X profile, emphasizing that it is delivering “deep liquidity on the chain purpose-built for stablecoins.”
On June 16, cryptocurrency chartist World Of Charts highlighted 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 this convergence could potentially double the token’s value in the months ahead.
[[EMBED_1]]Open Interest in UNI futures expanded to $168 million on Tuesday, climbing from $152 million recorded the previous day. This metric had averaged around $135 million on Friday, indicating a consistent uptick in active market engagement.
Geoff Kendrick, an analyst at Standard Chartered, released price forecasts on Monday. His outlook places UNI at $6.50 by the conclusion of 2025 and $100 by 2030.
Kendrick’s thesis centers on positioning Uniswap as fundamental market infrastructure for conventional finance rather than merely a platform for retail speculation. He highlighted the accelerating uptake of tokenized financial instruments and Wall Street’s increasing engagement with decentralized finance ecosystems.
The Relative Strength Index (RSI) has climbed back toward 54 on the daily timeframe, exiting previously oversold conditions. Meanwhile, the MACD histogram has turned positive, suggesting that selling pressure is beginning to subside.
UNI recently pushed above the middle Bollinger Band positioned at $2.77, while the upper band currently resides at $3.22. The expanding distance between these bands indicates heightened market volatility.
Traders should monitor critical resistance zones including the 50-day exponential moving average at $3.03 and the 61.8% Fibonacci retracement level around $3.37. Downside support is established at the 78.6% Fibonacci retracement near $2.91, with a stronger foundation located around $2.33.
As of this writing, Uniswap’s valuation has pushed back above the upper Bollinger Band threshold of $3.22.
The post Uniswap (UNI) Soars 18% as Arc Partnership Fuels Six-Day Winning Streak appeared first on Blockonomi.


