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In a recent update shared by Crypto Man MAB on X, UNI’s price action has taken 
a bullish turn. The token is currently trading at $8.403, up 1.82% (+$0.150), 
and has managed to break past the previous resistance range of $ 7.50–$ 8.00. 
This upward movement signals growing buying interest, and that momentum could 
be building for a stronger push ahead. Key Support And Resistance Levels 
Define UNI’s Next Move In his analysis, Crypto Man MAB highlighted UNI&#8217;s 
evolving price structure, pointing to key support and resistance levels. The 
immediate support is seen around $7.103, which marks the 24-hour low. If UNI 
pulls back further, stronger support may be found near $6.500, a level that 
has previously attracted buying interest and could act as a safety net for 
bulls. Related Reading: Uniswap (UNI) Blastoff At Hand? The Sleeping Giant 
Awakens At $4.6 Support On the upside, resistance stands near $8.677, the 
recent 24-hour high. This zone is currently capping the rally, but if buying 
momentum persists, UNI could target the $9.0 mark next. While this level 
presents a psychological barrier, it also aligns with short-term bullish 
projections, adding more weight to its significance. In terms of market 
activity, Crypto Man MAB noted a notable increase in trading volume, which 
aligns with UNI’s recent price surge. This volume spike suggests that buyers 
are stepping in with strong conviction, reinforcing the strength behind the 
upward movement. A sustained high volume typically validates price action, 
which supports the argument for a potential rally continuation, provided the 
momentum holds and no major resistance halts the trend. Breakout Signals 
Strength, But Long-Term Caution Lingers According to the analyst, the UNI 
chart shows a shift from a period of consolidation into a noticeable upward 
breakout. The recent dominance of green candlesticks points to growing bullish 
moves and renewed buying pressure in the short term. Related Reading: Uniswap 
Stays On Course For More Gains – $12.3 Resistance In Sight However, the 
longer-term trend suggests a more cautious outlook. Over the last 180 days, 
UNI has declined by 53.31%, and its one-year performance shows a decrease of 
18.98%, indicating that the asset has been in an overall downtrend despite 
recent gains. Presently, the Simple Moving Average (SMA) is demonstrating 
increased trading activity, which aligns with the positive price movement and 
supports the current bullish sentiment. This rise in volume may strengthen the 
case for a possible continuation of the ongoing upward trend, but traders 
should remain alert to any shifts in momentum. In conclusion, Crypto Man MAB 
noted that UNI is showing short-term upward strength, but the broader trend 
remains uncertain. However, a clear breakout above the $8.677 resistance level 
would be a strong signal for continued upside. Featured image from Medium, 
chart from Tradingview.com

UNI Flashes Strength After Breaking Past Key Resistance Levels, What’s Next?

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On Thursday, bitcoin slid into a steady decline, slipping beneath the $106,000 
threshold and touching a fresh intraday low of $105,798. By 7:30 p.m. Eastern 
time on June 12, the top cryptocurrency had dropped 2.3% against the 
greenback. Bitcoin’s Slump Sends Waves Through $3.32T Crypto Market Overall, 
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USDC’s native launch on the XRP Ledger ignites a powerful new phase in cross- 
chain finance, unlocking real-time payments, seamless liquidity, and zero- 
bridge stablecoin integration. USDC Goes Native on XRP Ledger, Supercharging 
Its Blockchain Interoperability Financial technology company Circle Internet 
Group (NYSE: CRCL) announced on June 11 that its regulated stablecoin USDC is 
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Crypto analyst InvestingScope has drawn market participants’ attention to a 
major occurrence that hints at an imminent altcoin season. The analyst also 
revealed how high the crypto market could reach as altcoins outperform Bitcoin 
during this period. Altcoin Season May Be Imminent As Golden Cross Flashes In 
a TradingView post, InvestingScope revealed that altcoins have made a 1-day 
Golden Cross, the first since just right after the US elections. He noted that 
the rally that followed made new highs for these altcoins, indicating that 
another altcoin season may be on the horizon. The analyst also predicted that 
the total crypto market can reach at least $4.03 trillion on this rally. 
Related Reading: Positioning For Altcoin Season: Analyst Reveals When To Buy 
As Bitcoin Dominance Rises He noted that since the Bear Cycle bottom, this is 
the fourth 1-day Golden Cross and that the minimum the market has surged 
around such a formation was just over 73%. As such, the crypto market cap, 
currently valued at $3.39 trillion, can reach the $4 trillion target during 
this altcoin season rally. Altcoins have again rallied following the recent 
Bitcoin run close to its all-time high (ATH). The Ethereum price hit $2,900, 
coming close to the psychological $3,000 level. Additionally, the Solana price 
also hit $170, its highest level over the last 90 days. With two of the top 
major altcoins making these runs, this has further fueled optimism that 
altcoin season may be around the corner. Bloomberg analyst Eric Balchunas told 
investors to get ready for a potential Altcoin ETF summer with Solana likely 
leading the way. This development could be the catalyst that sparks the 
altcoin season, with the SEC already asking issuers to amend their S-1 
filings. Meanwhile, the Ethereum ETFs just hit a four-month high of inflows, 
with $240 million flowing into these funds on June 11. These funds have also 
witnessed 18 consecutive days of inflows as optimism grows about the SEC 
approving staking for these funds. This could be another catalyst for altcoin 
season as the Ethereum price usually leads the way. ETH/BTC Breakout Is 
Imminent In an X post, market expert Paul Barron indicated that the ETH/BTC 
breakout was imminent, a development which would usher in the altcoin season. 
He declared that Altseason is preparing for a face-melter and that the ETH/BTC 
breakout is “committed”. The expert added that with market sentiment up 2.8%, 
ETH will be the leader. Related Reading: When Will Altcoin Season Begin After 
Bitcoin Price Hit ATH Above $111,000? Crypto analyst Mikybull Crypto has also 
made a case for Ethereum to lead the altcoin season. In a recent analysis, he 
stated that from a technical perspective, ETH is looking solid at its current 
levels. The analyst claimed that $2,800 is the next resistance to clear out 
before a rally to a new high of $3,900. He added that Ethereum usually 
performs well near the peak of the cycle. Featured image from Getty Images, 
chart from Tradingview.com