- Uniswap (UNI) price has jumped above $6.5 as bulls retest a key resistance zone.
- The altcoin soared alongside Virtuals Protocol and Jupiter, which have jumped double digits.
- Whales have aggressively bought UNI tokens in recent days.
Uniswap (UNI) price surged alongside most other top coins as the crypto market recorded a decent bullish flip.
According to data from CoinMarketCap, the price of UNI had surged by 11% in the last 24 hours at the time of writing on May 26, 2025.
The native token of the decentralized exchange platform soared to a high of $6.63, up from lows of $5.91.
UNI’s gains during the early trading on Monday reflected the double-digit gains for multiple coins, including Jupiter (JUP) and Virtual Protocol (VIRTUAL).
XRP price also rose slightly as top altcoins looked to bounce.
Uniswap price jumps 11% as cryptocurrencies rise
Having traded to lows of $5.70 on May 20, 2025, UNI’s price flipped bullish to reach highs of $6.73 on May 23.
However, with Bitcoin retreating from highs of $111,970 amid profit taking, Uniswap pared gains to hover around $5.90.
Bulls have since mirrored BTC gains to break above $6 again, with a 24-hour trading volume of $310 million highlighting a surge in trading activity.
The bump in volume comes with a 60% spike, which is significant as UNI price rises in tandem with top gainers such as Jupiter and Virtual Protocol.
On-chain data from iCryptoAI shared on X highlights a spike in whale activity around Uniswap.
Per the insights platform, whales have scooped up over $300,000 worth of UNI in just six hours.
In comparison, whales have scooped over 159,000 for Virtuals Protocol.
Recently, an Ethereum whale bought $13 million worth of UNI, as crypto investor Ted shared in the X post below.
Ethereum whale bought $13,000,000 $UNI.
Uniswap = DeFi summer loading? ✌🏼 pic.twitter.com/FPHgYAXu3X
— Ted (@TedPillows) May 23, 2025
UNI price – are bulls set to reclaim $10?
In recent weeks, Uniswap has shown remarkable resilience in the market. For instance, the current uptick for UNI comes off a textbook double bottom for the altcoin.
After breaking through resistance in the $5.76 and $6.30 range, bulls are looking to strengthen after a technical retest of the previous hurdle as support.
With bullish momentum intact as the Relative Strength Index points upwards above 57, tailwinds helping the buyside pressure could be massive for an uptrend.
However, the Moving Average Convergence Divergence (MACD) indicator on the daily chart suggests weakness.
The MACD line crosses below the signal line. In the market, traders look at this indicator as signalling that bears are still within striking distance, which might be visible via a fresh decline.
If UNI price climbs further, it faces the first key hurdle around $7.5. Above it, there is the psychological $10 zone.
On the downside, $5.8 is a key support level, with $4.7 also crucial for bulls.
