Uniswap’s native token – UNI – has demonstrated a noteworthy surge of 28% over the past week alongside the rest of the crypto market.
It is currently trading above $7.71 with a market capitalization of $4.61 billion. The latest data indicated that UNI may be poised for more growth.
Industry expert Ali Martinez said that UNI has successfully turned a key supply wall at $7.23 into a solid support level.
This support is distributed across 3,500 addresses, collectively holding over 20 million UNI, which could suggest the token’s potential to reach the $10 mark, given the absence of significant resistance in the immediate future.
“Uniswap has successfully turned a key supply wall at $7.23 into support, where 3,500 addresses hold over 20 million $UNI. With the absence of major resistance ahead, the stage is set for #UNI to potentially surge toward $10.”
In addition to financial gains, Uniswap has strategically expanded its reach. The decentralized trading protocol recently entere

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