Uniswap Price Prediction: UNI Tests $10.96 as Open Interest Hits $971M

6h ago•

bullish:

bearish:

Uniswap targets $10.96 as bullish momentum meets a key Fibonacci resistance level.
UNI open interest hits a yearly high near $971 million, signaling rising leverage.
CME’s planned UNI futures launch could expand institutional access to derivatives.

Uniswap (UNI) has extended its September rally, with price momentum accelerating alongside stronger derivatives activity and renewed spot-market inflows. UNI trades near $10.45 after gaining 17.49% over the past 24 hours. The token has climbed 64.05% during the past seven days. Its daily trading volume has reached roughly $2.45 billion.

Meanwhile, its market capitalization stands near $6.47 billion. The rally has pushed UNI above several major technical levels. It has also brought the token close to a key Fibonacci extension. Consequently, traders now face a crucial test around the $10.93 to $10.96 region.