UNI Rises 10% as Altcoins Gain Traction Amid Bitcoin’s Steady Consolidation
Uniswap’s native token, UNI, has climbed 10% this week, fueled by a wider rally in altcoins.
This growth aligns with Bitcoin’s consolidation around $108,000, following last week’s record-high close at $111,970.
UNI reached an intraday high of $7.63 before pulling back slightly to trade near $7.04. It is currently testing the $7.00 level as support, a price that had resisted upward movement over the past week.
Should UNI maintain above this key support, it could pave the way for a push toward $10—a level that acted as a ceiling during February’s sell-off.
The CoinMarketCap Altcoin Season Index has also seen a notable increase, climbing from 12 to 25 since last month. While this suggests rising altcoin strength, a full altcoin season is generally confirmed when the index crosses the 75 threshold.
