UNI Surges 10% This Week as Bitcoin Consolidates

2 weeks ago

Uniswap's autochthonal UNI token has risen by 10% this week amid a wider altcoin marketplace rally.

The determination comes arsenic bitcoin BTC consolidates astir $108,000 aft mounting a grounds precocious of $111,970 past week.

UNI is presently trading astatine $7.04 aft rising to arsenic precocious arsenic $7.63 astatine 03:35 UTC. It is presently investigating the $7.00 level arsenic support, which had been a constituent of absorption implicit the past week.

If UNI holds supra $7.00, it could found a steadfast level of enactment earlier springing toward $10, which spurred a rejection successful February.

CoinMarketCap's Altcoin Season Index is presently astatine 25, the top-end of a bitcoin-centric marketplace but rising importantly since past month, erstwhile it was astatine 12. The scale signals an altcoin marketplace erstwhile it passes done 75.

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