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.