Uniswap is experiencing sustained bullish momentum as it edges closer to the $12.3 resistance level. Following a successful bounce from the $10.3 support, UNI has demonstrated resilience, driven by increasing investor confidence and a rising trading volume. This strong performance is indicative of favorable technical signals and ongoing buying interest.

Uniswap's ability to maintain levels above key support areas will be crucial for further gains. If the upward movement towards $12.3 succeeds, the current rally could be further strengthened, paving the way for potentially higher targets as buying pressure builds.

UNI's price momentum suggests further gains are probable, particularly after rebounding at the $10.3 support point. Following a brief decline, Uniswap stabilized at $10.3, which has established a firm foundation for renewed upward momentum.

This rebound underscores the strength of the bulls and highlights the overarching bullish trend. The swift recovery above $10.3 indicates strong demand and reflects optimistic projections for Uniswap's future performance.

From a technical standpoint, indicators are aligned with a bullish outlook. The price is approaching the critical 100-day Simple Moving Average (SMA), indicating sustained upward pressure. Furthermore, the Relative Strength Index (RSI) has exited oversold regions, signaling rising buying interest. Trading volume has surged over 25% in the past 24 hours, underscoring market support for the upward trend. These combined factors create a conducive environment for Uniswap to continue its ascent.

Achieving the $12.3 milestone would be pivotal for Uniswap, potentially attracting heightened buying interest and bolstering the bullish momentum. A sustained rise above this mark could drive prices higher, allowing UNI to enter new territory with greater potential for gains. This scenario would reinforce Uniswap's bullish outlook in the market.

If Uniswap surpasses $12.3, the next resistance levels might be approximately $15.7 or $17, contingent on market dynamics and investor interest. Maintaining upward pressure is essential for the rally’s continuation. However, if the price fails to secure this level, a retracement to support zones like $10.3 may occur. In this case, defending these supports will be critical for bulls aiming to regroup for another upward push.