Uniswap (UNI) eyes potential breakout amid RWA expansion

Uniswap (UNI) is currently navigating a period of technical consolidation as it maintains a broader bullish structure. Despite recent pullbacks, the token remains positioned above its 20, 50, 100, and 200-day exponential moving averages, indicating underlying strength in the long-term trend.

Analysts are monitoring key resistance levels between $7.50 and $7.80. A daily close above this range could signal a significant breakout, potentially driving the price toward the $11 level. Conversely, the token faces a crucial test at the $6.00 to $6.20 support zone to maintain its current trajectory.

Market momentum is being influenced by the expansion of Uniswap’s tokenized Real World Asset (RWA) ecosystem and increased whale activity. While derivatives data shows elevated open interest at approximately $324 million, cumulative volume delta (CVD) remains a point of caution, as spot CVD has shown negative readings.