Uniswap – Why the $10-level could be critical for UNI’s future

Key Points

1. Uniswap (UNI) surged over 18% in the last 24 hours, with the $10 mark being a significant price zone.

2. Whales control about 50% of UNI's supply, and one whale recently took $1.87 million in profit after selling 662,606 UNI tokens.

3. Despite the whale's sell-off, UNI's price momentum remained strong, breaking above $10.

4. Uniswap's price chart recently broke out of a broadening wedge pattern formed on May 10, indicating potential bullish continuation.

5. 24-hour trading volume surged, with DEX volume reaching $718.52 million, higher than the previous day's volume.