The United States Securities and Exchange Commission has delayed its decision on Grayscale’s proposed spot ETFs for Avalanche and Cardano, extending the review period to 15 July 2025. A May 28 press release from the Commission said it was appropriate…

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In a fresh post shared on X, crypto analyst First1Bitcoin drew attention to 
Uniswap’s (UNI) recent market behavior, noting that the token appears to be 
gaining strength following an extended period of sideways movement. According 
to the analyst, this prolonged accumulation phase may be setting the stage for 
a significant breakout. The chart, as highlighted in the post, is beginning to 
show encouraging signs of bullish pressure. With price tightening near key 
resistance levels, the conditions appear ripe for a potential upward surge, 
provided that buying momentum continues to build. Key Technical Levels In 
Sight As Uniswap Gathers Strength First1Bitcoin highlighted several critical 
technical levels that could shape Uniswap’s next major move. He noted that the 
current price of UNI moved back $6.83, reflecting a market that’s gradually 
gathering momentum after a prolonged period of consolidation. Related Reading: 
Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support The 
analyst placed strong emphasis on two critical price levels that could shape 
UNI’s trajectory in the coming weeks. The first breakout target is set at $12, 
a level that stands as both a psychological barrier and a technical milestone. 
If Uniswap breaks above this zone, it could ignite fresh bullish sentiment and 
potentially mark the beginning of a sustained upward move. However, the real 
test comes at the $15 – $16 resistance zone, which the analyst described as a 
major obstacle. A move into this region could trigger heightened volatility, 
as many traders may look to secure profits while others gauge the strength of 
buyer conviction. Importantly, Uniswap remains below its long-term downtrend 
line, which has acted as a ceiling for upward movement over the past several 
months. A breakout above that trendline could change the game entirely, 
opening the door for a much larger rally. Momentum Builds On A Firm Foundation 
In his concluding statement, the analyst emphasized growing optimism 
surrounding UNI’s price action. He noted that the accumulation base, where 
buyers have been steadily building positions, continues to hold firm, acting 
as a solid foundation for potential upside movement. This resilience suggests 
that sellers are losing control, and the market may be primed for a bullish 
shift. Related Reading: Uniswap (UNI) In Trouble? Price Crash Below $6.7 
Signals Bigger Problems He further highlighted early signs of bullish 
momentum, with improving technical indicators and price stability suggesting 
increasing buying interest. This momentum, combined with the prolonged 
consolidation phase, often precedes a significant breakout. “Watch this zone 
closely,” the analyst advised, hinting that UNI could be on the verge of a 
strong rally. If the token maintains its current support and gains upward 
traction, it may break through key resistance levels and initiate a meaningful 
uptrend in the sessions ahead. Featured image from Pngtree, chart from 
Tradingview.com