Uniswap (UNI) price stayed above the $3 threshold on June 22 after a three‑day rally sparked by Standard Chartered’s bullish coverage and a wave of short liquidations across crypto derivatives markets.
Price Dynamics
Data from crypto.news shows UNI trading at approximately $3.03 on June 22, which is about 20 % higher than its level on June 15. The token fell back from a local peak near $4 that it briefly touched earlier in the week, yet it maintained momentum above the $3 mark.
Standard Chartered began coverage of Uniswap on June 15, projecting a long‑term target of $100 by 2030. At that time, UNI was hovering below $2.50, marking a multi‑month low on the blockchain market.
Futures Activity
Spot buying pressure lifted UNI through several resistance zones, prompting a rapid repricing in futures contracts. CoinGlass data indicates that UNI futures volume surged while open interest climbed sharply, reflecting aggressive positioning by investors seeking to capture the breakout.
Analyst Outlook
Geoffrey Kendrick, the analyst who authored Standard Chartered’s report, highlighted Uniswap as a leading beneficiary of expanding decentralized exchange activity. He forecasted a price of $100 for UNI‑USD by the end of 2030, representing a 40‑fold increase from the $2.50 level at the time of the coverage.