June 16, 2026

Bitcoin price is trading at the $66K mark.
If momentum holds, this region is BTC’s next major resistance target.

Bitcoin has finally reclaimed and broken above the key $64,360 resistance level, a zone that had capped price advances over the past several sessions. The chart shows multiple failed attempts to push through this level, making the latest breakout significant from a technical standpoint.

The sequence of higher lows that developed along the rising trendline is noteworthy because it shows that buyers were gradually entering the market at increasing prices. The short-term acquisition of control by buyers is confirmed by the breakout above resistance.

The next significant level to keep an eye on is about $67,630. If the current momentum holds, this region might become Bitcoin’s immediate target as it is the next major resistance. The bullish structure would be strengthened by a persistent advance above $64,360.

The power of the move would be strengthened if $64,360 moved from resistance to support. The path of least resistance seems to be upward as long as the price stays above this level, with $67,630 looming as the next important upside target.

Additionally, following a surge of more than 2.60%, the price of Bitcoin is currently $66,153. The asset’s price began the day at a low of $63,634 and reached a high of $66,297. At $28.92 billion, the trade volume has increased by more than 72%. Meanwhile, the BTC Fear and Greed Index value is settled at 20, which indicates extreme fear.

What’s Next for Bitcoin’s Price Trend?

According to the price chart, the price may challenge the $65,792 support if the BTC bears get stronger. A more intensified downside may initiate the death cross to emerge and drive the price even lower. On the upside, assuming the Bitcoin bulls gain momentum, the price could climb to the resistance at $66,421. The golden cross might form with the potential bullish correction.

The MACD line is above the signal line, and both are above the zero line, signalling strong bullish momentum. Both short and long-term momentum are aligned to the upside. Moreover, BTC’s CMF value at 0.27 indicates strong buying pressure and healthy capital inflows. Buyers are actively accumulating the asset and supporting the current uptrend.

(Source: TradingView)

Bitcoin’s BBP reading of 2,397 reflects strong bullish pressure. The buyers are dominating the market, pushing the price far above its average. The trend is still firmly under the bulls’ grip. Additionally, the daily RSI has entered the overbought zone at 70.71. Traders keep an eye out for consolidation or a brief decline at these levels, even though the rally may continue.

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Uniswap (UNI) token has returned to the spotlight after Standard Chartered initiated coverage of the decentralised exchange token with a long-term price target of $100 by 2030.

The bank’s forecast immediately grabbed the market’s attention, helping UNI surge 13.8% in 24 hours to $2.99 and outperform the broader cryptocurrency market.

The move was accompanied by a sharp increase in trading activity, with the daily trading volume climbing to more than $404 million, while UNI briefly touched $3.01 before pulling back slightly.

Why Standard Chartered sees major upside for UNI token

The Standard Chartered forecast was issued by Geoffrey Kendrick, Head of Digital Assets Research at the bank.

His thesis centers on the rapid expansion of tokenised real-world assets (RWAs) and the growing role of decentralised finance in global capital markets.

According to the bank’s estimates, tokenised assets could grow from approximately $340 billion today to around $4 trillion by 2028.

That figure includes stablecoins as well as tokenised versions of traditional financial products such as government bonds, money market funds, equities, and real estate.

The bank also expects the share of those assets actively used within decentralised finance applications to rise significantly.

Current estimates place DeFi participation at roughly 3.5% of tokenised assets, but Standard Chartered projects that figure could reach 30% by 2030.

If that scenario plays out, assets actively deployed across DeFi platforms could approach $2.7 trillion by the end of the decade.

That would represent a 37-fold increase from current levels.

For Uniswap, the implication is straightforward. As one of the largest decentralized exchanges in the market, the protocol could become a key venue where tokenized assets are traded, creating higher liquidity, larger trading volumes, and stronger protocol revenues.

The bank’s forecast outlines a gradual appreciation rather than an immediate jump.

Its projected path places UNI at $6.50 in 2026, $20 in 2027, $40 in 2028, $65 in 2029, and eventually $100 by 2030.

The caveat that investors should not ignore

The biggest challenge for the $100 forecast is that it depends heavily on future adoption rather than current fundamentals.

Standard Chartered’s thesis is built around the assumption that traditional finance will increasingly migrate on-chain over the next several years.

While tokenisation has gained momentum, there is no guarantee that institutions will adopt decentralised finance at the pace the bank expects.

Another factor is liquidity fragmentation. Tokenised assets can be issued across multiple blockchains and use different standards, which may spread trading activity across various platforms instead of concentrating it on a single protocol.

There is also a significant difference between tokenising assets and creating active markets for those assets.

A bond or equity can exist on a blockchain without generating meaningful trading volume.

For Uniswap to benefit fully from the projected growth in tokenisation, those assets must also attract sustained trading activity.

This is the key caveat in the bullish narrative.

The forecast assumes not only that tokenised assets will grow into a multi-trillion-dollar market, but also that a meaningful share of that activity will flow through decentralised exchanges such as Uniswap.

Uniswap price analysis

As the Uniswap price rose, it broke above its 7-day simple moving average (SMA) of $2.626 and its 30-day SMA of $2.945.

These technical breakouts helped reinforce the bullish momentum generated by the Standard Chartered report.

Simple Moving Average on the Uniswap price chart

However, momentum indicators suggest that the market may be getting ahead of itself in the short term.

UNI’s RSI 14 has climbed above 78, pushing the token into overbought territory.

RSI on the Uniswap price chart

Historically, RSI readings above 70 often signal strong buying pressure, but they can also indicate that a period of consolidation or profit-taking is becoming more likely.

In the near term, traders should focus on the immediate pivot level near $2.97.

Holding above $2.97 could allow the token to challenge resistance around $3.10, where a major descending trendline currently intersects with price action.

Further, a successful break above $3.10 would strengthen the case for a broader trend reversal after months of weakness.

On the other hand, failure to hold current levels could open the door for a retracement toward the $2.75 support zone.

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