Uniswap Price To Escape 5-Month Correction As Prometheum Adds UNI Custody Service

Uniswap price surged 12% to $6.9 on Wednesday, outperforming the general market uptick. The high momentum rally could be attributed to whale accumulation and Prometheum Capital’s announcement of adding Uniswap ($UNI) and Arbitrum ($ARB) to its custodial platform. The rising price is likely to challenge the downsloping resistance of the wedge pattern, indicating the potential escape from a 5-month correction.