Date: Mon, May 26, 2025 | 06:40 AM GMT
The cryptocurrency market has kicked off the new week with upside momentum after a mild weekend pullback. With both Bitcoin (BTC) and Ethereum (ETH) trading in the green today, altcoins are following suit — and one standout performer is Uniswap (UNI).
UNI has climbed over 5% in the last 24 hours, pushing its monthly gains to around 7%. What’s more, a major bullish pattern has emerged on the chart, suggesting the rally could have more room to run.
Double Bottom Breakout in Focus
Uniswap has confirmed a double bottom breakout — a textbook bullish reversal pattern that often marks the end of a downtrend and the beginning of a new upward move. The pattern developed after UNI formed two consecutive lows near $5.94, indicating strong support and buyer interest at that level.
The real momentum kicked in when UNI broke above the neckline resistance at $6.32, triggering a surge to the current price of around $6.41. This breakout suggests the market sentiment has shifted in favor of the bulls.
What’s Next for Uniswap (UNI)?
From a technical perspective, the breakout opens the door for further upside. UNI might pull back slightly to retest the neckline around $6.32—a common behavior after a breakout. If the retest is successful and demand remains strong, the token could resume its rally toward the measured target of $6.70, followed by key resistance at $6.79.
That would represent a 7.46% gain from the neckline breakout level — a move that could attract even more traders looking for bullish momentum setups.
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