Uniswap’s UNI Rises 10% This Week Amid Growing Altcoin Momentum
Uniswap’s native token, UNI, has gained 10% this week, riding the wave of a broader altcoin market rally.
This uptick coincides with Bitcoin’s consolidation around the $108,000 level, following last week’s record high of $111,970.
UNI is currently trading at $7.04 after reaching an intraday peak of $7.63 at 03:35 UTC. The token is now testing the $7.00 mark as a key support level, which had acted as resistance throughout the past week.
If UNI manages to hold above $7.00, it could establish a solid foundation for a potential advance toward the $10 level—a price point that triggered rejection back in February.
Meanwhile, the Altcoin Season Index from CoinMarketCap has climbed sharply, rising from 12 last month to 25 today. While a reading of 25 still reflects a predominantly Bitcoin-focused market, the steady increase suggests growing strength in altcoins. The index typically signals a full altcoin season once it surpasses 75.
