UNI breaks out of bullish pattern: Uniswap (UNI) has broken out of a head and shoulders inverse pattern, indicating a strong bullish trend. This pattern emerged after UNI experienced a breakout from a descending triangle, setting the stage for future upward momentum.

Strong investor participation: Data from Coinglass and IntoTheBlock shows active participation from investors. UNI’s open interest has increased by 25%, reaching 188.07 million USD, indicating optimistic market sentiment and higher price expectations.

Accumulation and growth potential: UNI’s large trading volume has surged by 45% in the past 24 hours, indicating a favorable environment for accumulating this token. Technical indicators also support a positive outlook for UNI.

Price forecast and resistance levels: UNI is currently trading near 11 USD and potentially rising to 16.20 USD. However, the 12 USD level may act as resistance, needing a break to continue rising.