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The Uniswap price soared 17% in the last 24 hours to trade at $8.27 as of 10:23 p.m. EST as investors rush to buy the altcoin.
With the recent gain by the UNI price, the crypto has emerged as the top 24-hour performer in the Ethereum ecosystem.
$UNI (Uniswap native token) ripping today
It’s like making a bet on the ETH ecosystem without aping $ETH pic.twitter.com/DCtO2fXIC2
— Ben Crypto (@BenCryptoShow) June 10, 2025
Uniswap Price Escapes A Sideways Channel, But Hits A Technical Roadblock
Daily chart for UNI/USD (Source: GeckoTerminal)
The Uniswap price was able to break out of a medium-term sideways channel between $5.6181 and $7.1186 in the last 48 hours, data from GeckoTerminal. Given the recent rally, it seems this period of flat trading might have been an accumulation phase ahead of the big move. Now, the crypto is attempting to break above a technical barrier at $8.6906.
Should bulls manage to push the Uniswap price above that barrier within the next 48 hours, it could clear the way for UNI to soar even higher in the next few days. However, a rejection from the $8.6906 mark could bring an end to the altcoin’s rally.
In a more bearish scenario, the Uniswap price could end up testing the upper boundary of the aforementioned sideways channel at $7.1186, which is now acting as a support level. Dropping below this point might then force UNI back into the consolidation channel.
Uniswap Price Could Keep Rising If Traders Don’t Cash In Their Profits Soon
Traders will want to keep an eye on the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the daily chart. While both indicators are still flashing bullish, supporting the idea that UNI’s positive trend will continue, early warning signs of a possible pullback are starting to show.
The MACD line broke above the MACD Signal line in the last couple of days. This is a major bullish technical flag that suggests an asset has entered a positive trend. Traders have since validated the technical signal, leading to the recent rally.
Meanwhile, RSI readings have surged as well, and now stand in the high 60s. While this rapid raise in the indicator’s values suggests a strong increase in buyer strength, the RSI is now approaching the overbought threshold at 70. This is usually seen as a sell signal, because it suggests a crypto’s downside potential is greater than its upside potential.
Some buyers appear to have already acted on the sell signal presented by the RSI, as evident by the negative slope of the RSI line. If more traders opt to book their profits from the recent UNI rally, it could result in a bearish trend reversal and subsequent drop in the Uniswap price.
As the Uniswap price tries to break through resistance, investors are also buying into the presale for a new crypto trading bot crypto called Snorter Token (SNORT). According to 99Bitcoins, a popular YouTube channel with over 723K subscribers, SNORT could soar 10X on launch.
New Crypto Trading Bot Looks To Challenge Dominance Of BonkBot And Others
Snorter Token is a new crypto trading bot project that enters a market currently dominated by the likes of BonkBot, Maestro and Trojan.
What sets Snorter apart from its competitors is that it is entirely Telegram-based, and does not need to be accessed through browser-based tools. This means that users can perform sub-second swaps, snipe tokens, copy other traders, and keep track of their portfolios in real-time all through the Telegram app.
Another attractive quality of the Snorter bot is that it undercuts all of its competitors in terms of fees, with SNORT token holders only charged 0.85%. This means traders get to keep more of their profits, and can perform trades at higher frequencies without having to worry about fees eating away at their portfolio’s value too much.
The bot even comes with MEV protection and honeypost scam detection, making it one of the few trading bots in the market that actually offers users protection against sham tokens.
SNORT Presale Races Towards $1 Million
Snorter Token’s presale is off to a strong start, and has already raised over $671K in early-stage funding.
Beyond all of the functionality the bot offers and the bullish predictions by experts like 99Bitcoins, there is also high presale staking rewards that might be pulling investors in. Anyone who buys and stakes SNORT now will unlock a 476% APY.
To get in on the attractive rewards, investors will first need to buy SNORT through the widget embedded on the project’s website. Selling for $0.0947, SNORT can be bought with both crypto or bank card. Thereafter, the tokens can be staked for the high APY.
Interested investors will want to buy before the next ICO price hike in 7 hours.
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