According to Cryptofrontnews, Uniswap ($UNI) has broken above a multi-year descending trendline, signaling a potential structural reversal from bearish to bullish momentum. Analyst Javon Marks projects a $42.49 breakout target based on a long-term accumulation range and base-to-neckline projection. Meanwhile, Uniswap CEO Hayden Adams introduced the protocol’s first governance proposal to activate protocol fees, which triggered a 38% price surge in $UNI. The price movement coincided with the technical breakout, reinforcing bullish sentiment as the market awaits further validation at key resistance levels.
Uniswap Breaks Trendline, Eyes $42.49 as Governance Proposal Drives 38% Price Surge
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