<ul data-eligibleForWebStory="true"><li>Uniswap's UNI token is up by 2.68% daily while down 3.51% weekly, trading at $7.57 with potential for a breakout to $15.96.</li><li>Bullish momentum is indicated by the price holding above EMA 50, EMA 100, and EMA 200.</li><li>A potential breakout setup is seen in the “cup and handle” pattern on the daily UNI chart.</li><li>A breakout above the 0.786 Fibonacci level could trigger a rally towards the $15.96 target.</li><li>UNI has a market cap of $4.76 billion with a 24-hour volume of $457.39 million.</li><li>Technical traders are eyeing the short-term rebound for a significant move upward.</li><li>The structure of a 'cup and handle' pattern on the daily chart suggests a bullish continuation.</li><li>UNI's price levels are above key EMA levels, indicating market confidence.</li><li>The 0.786 Fibonacci retracement level poses significant resistance in the bullish trades.</li><li>Potential rally targets for UNI include $10.265, $12.020, $13.770, and $15.960.</li><li>Analysts emphasize the need for volume confirmation to support the bullish setup.</li><li>Volume confirmation could lead to a major rally surpassing $15 for Uniswap's UNI token.</li></ul>

Uniswap Eyes Explosive Breakout, Targets $15.96 After Resistance

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