Is $10 the most critical price now?

Is $10 the most critical price now?

Uniswap’s price chart recently broke out of a broadening wedge pattern that began forming on the 10th of May. 

While this breakout suggests bullish potential, caution is advised until the price confirms its direction.

There’s a chance this move could be a false breakout, so traders may wait for confirmation before placing long bets.

Meanwhile, 24-hour trading volume has surged from $52 million at the start of July to $288 million, signaling rising market interest and momentum.

A retest of the broken resistance, followed by a bounce above $10 would confirm a bullish continuation for UNI.

Alternatively, if the price respects its previous channel, Uniswap could enter a short-term correction.

Despite this uncertainty, UNI remains bullish, and its on-chain activity is rising, signaling growing investor interest and network engagement.