The Uniswap (UNI) price has been posting green candlesticks for the past five weeks, during which it gained considerably. However, despite charting a 164% increase, the Decentralized Exchange (DEX) token still fell short.

What will it take for UNI to join the league of tokens, posting fresh all-time highs?

Can Uniswap Price Continue Its Rise?

Uniswap price, trading at $15.82 at the time of writing, has shot up by more than 25% in the last 24 hours. These gains have massively contributed to the ongoing rally witnessed by the DeFi token as UNI rose by 164% from $5.97 to its current trading price.

Doing so brought significant profits to its users, but not everyone. This is because Uniswap’s price is far from its former all-time high of $42.66, registered in April 2021. The altcoin would need to rally by another 170% to breach this level and establish new highs.

While a rise as massive is uncertain, given UNI just marked a rally, it could still inch a little further and flip the $19.20 resistance level into support. Doing so would allow UNI to potentially test the barrier of $20 and maybe possibly breach the key psychological price level.

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Author: Aaryamann Shrivastava

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