Uniswap (UNI) surged nearly 20% to over $4 on Wednesday, driven by a broader market rebound as Bitcoin retested $68,000. The UNI token's rise aligns with a general upswing in altcoins, including Ethereum and XRP, as they recover from oversold conditions. This price movement follows BlackRock's strategic purchase of UNI to facilitate trading of its BUIDL tokenized Treasury fund via Uniswap. Despite the recent gains, Uniswap remains below key moving averages, with technical indicators suggesting potential for further upside. The daily RSI indicates room for continued growth, while the MACD histogram points to emerging bullish momentum. However, if the rally falters, support levels at $3.48 and $3.00 could be tested.