SUI Is ‘On the Edge of a New Run Towards Highs,’ Says Crypto Analyst Michaël Van De Poppe
UNI Jumps 7%; Crypto Analyst Sees Breakout Momentum Toward $10
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Siamak Masnavi
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By Siamak Masnavi, CD Analytics|Edited by Aoyon Ashraf
Jun 16, 2025, 10:44 a.m.
- UNI is up 7.33% in the past 24 hours, climbing from an intraday low of $6.9788 to a high of $7.7177, according to CoinDesk Research’s technical analysis model.
- The token formed a continuation pattern marked by strong buyer interest above $7.40 and consistent support at higher levels.
- Crypto analyst Ali Martinez said UNI was “breaking out with momentum” and targeting $10, highlighting growing trader optimism.
Uniswap’s UNI
token gained 7.33% over the past 24 hours, climbing from a low of $6.9788 to a high of $7.7177 by early Monday. The token broke through key resistance near $7.65 during the Asia session and continued pushing higher, showing sustained interest from buyers.
The price rally was marked by a steady formation of higher lows and a breakout above recent consolidation, supported by a notable spike in volume around 08:00 GMT. This technical setup helped UNI reclaim territory last seen in late March and reinforced short-term bullish sentiment.
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On June 11, crypto analyst Ali Martinez posted on X that “$UNI is breaking out with momentum and now has its sights set on $10,” echoing the growing optimism among traders. Monday’s price action has brought that level closer into view as UNI builds on its upward momentum with minimal pullbacks.
The next key area to watch will be whether UNI can hold above the $7.65–$7.70 region and sustain its breakout as trading volume evolves throughout the week.
Technical Analysis Highlights
- UNI established support at $6.9788 before breaking through resistance levels around $7.40 and $7.65.
- Volume increased sharply during the 02:00–05:00 GMT window, accompanying a price surge past $7.40.
- Price reached $7.7177 after breaching the $7.60–$7.65 resistance zone.
- The chart shows a series of higher lows throughout the period, indicating upward price structure.
- During the 08:00–08:04 GMT interval, volume spiked again as UNI surpassed $7.65.
- In the most recent hour, UNI moved from $7.67 to $7.68, a 2.8% intraperiod gain.
- Short pullbacks occurred around 07:20 and 07:43, with subsequent recoveries.
- Price movement over the period remained within an ascending range.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
