$UNI ⚙️ UNI's $6.00 Test: The Breakout from Accumulation

Uniswap (UNI), currently trading near $5.48, is targeting the critical $6.00 psychological and technical barrier, which represents an approximate 9.5% short-term rally. This $6.00 level is exceptionally critical as it sits directly on the resistance ceiling of the current short-term range box and is a key technical pivot point that must be cleared to shift the short-term trend from neutral/bearish to bullish.

The momentum for this upward test is driven by UNI's strong defense of the $5.36–$5.44 immediate support base, indicating that selling pressure may be bottoming out as the token enters a potential reaccumulation phase. Fundamentally, the focus remains on the highly-anticipated governance proposals that aim to enhance the token's value accrual through potential buybacks and burns.

For UNI to hit $6.00, it must first decisively clear the cluster of Moving Averages (MAs), including the MA5, MA10, and MA20, which are currently providing overhead resistance near the current price. A sustained, high-volume daily close above $6.00 would successfully confirm a breakout from the current range, setting the stage for a push toward the next major resistance cluster near the 50-day SMA ($6.40).