Uniswap Price Prediction: Path to $10 Opening Up?

Uniswap (UNI) is having one of its strongest weeks in a while, and that's exactly why this Uniswap price prediction is worth a closer look. The token pushed through its ascending channel on the 4-hour chart with real volume behind it, and traders are now asking a bigger question: is a path to $10 actually opening up? So, What's Uniswap Actually Worth Right Now? Let's talk numbers first. UNI is trading at $6.248, up 16.89% over the past 24 hours. According to Coinglass data, that puts Uniswap's market capitalization at $3.88 billion, with a circulating supply of 622.71 million UNI against a total supply of 889.96 million and a max supply capped at 1 billion tokens. A meaningful chunk of that max supply still hasn't entered circulation, worth keeping in mind alongside the current market cap. What's Happening Underneath the Derivatives Data? As per Coinglass data, derivatives desks are leaning bullish, though not without nuance. The Binance UNI/USDT long/short ratio sits at 1.4172, and Binance's top trader long/short ratio by positions runs higher at 2.6052, while OKX shows a more cautious 0.81 reading. 24-hour liquidations total $4.65 million, split $890.65K in longs against $3.76 million in shorts, a sign shorts have been getting run over as this rally builds. Open interest has climbed to $553.81 million, up from around $488.73 million within the same session. What Does the On-Chain Picture Tell Us? As perEtherscan data, ownership here is fairly concentrated, worth knowing before reading too much into any single wallet's move. The top 100 addresses hold about 82.33% of the supply, and just 1,134 whale wallets, 0.29% of all holders, control 96.81% of the market cap. That concentration means large holders can meaningfully sway price swings, something this Uniswap price prediction keeps in mind when weighing how sustainable the current move is. Reading the 4-Hour Chart, Level by Level On the TradingView chart, Uniswap broke out of its ascending channel on the 4-hour timeframe, and because that breakout carried real conviction, the $5.8573 level that once capped price has effectively flipped into support. The immediate resistance now sits at $6.7005, and if buyers clear it with sustained volume, $8.1723 comes into view next. Should that level also give way, this Uniswap price prediction sees the broader $10 target as a realistic scenario worth tracking, provided momentum and buyer volume keep cooperating. That said, the 14-day RSI reads 78.61 on the 4-hour chart, firmly in overbought territory. That doesn't undo the bullish structure, but it raises the odds of a short-term pullback before another leg higher. On the downside, $5.2001 is the level to watch first, with a deeper correction bringing $4.5755, $4.3573, and $3.2775 into play.