What to know:
- UNI price is holding the $3.20–$3.50 support zone, with a potential recovery move if buyers gain strength.
- Technical resistance levels at $5.034, $7.240, $8.928, and $11.881 remain crucial for confirming bullish momentum.
- Uniswap adoption is increasing as Robinhood Chain TVL and monthly active users continue to expand.
Uniswap (UNI) price is showing recovery potential as buyers defend key support levels while resistance zones remain crucial for future momentum. Uniswap’s growing TVL and rising user activity on Robinhood Chain strengthen ecosystem adoption, supporting a possible bullish reversal if technical levels improve and buying pressure increases.
At the time of writing, UNI is trading at $3.53, with a 24-hour trading volume of $164.98 million and a market capitalization of $2.21 billion. Despite the 2.38% loss over the past 24 hours, the UNI price structure and TVL growth indicate potential signs of a bullish reversal ahead.
Source: CoinMarketCap
UNI Price Tests Support Amid Recovery Attempts
However, UNI’s weekly chart shows price trading near $3.567, with buyers attempting to defend the long-term support zone around $3.20–$3.50. After a prolonged decline from higher levels, UNI is showing early stabilization signs, but confirmation requires stronger buying volume.
According to the crypto analyst The Boss, the chart highlights major resistance levels at $5.034, $7.240, $8.928, and $11.881. A weekly breakout above $5.034 could improve market sentiment and push UNI toward $7.240. Further strength may allow a move toward higher resistance zones.
Source: The Boss’ X Post
The exposure of UNI will continue if the level of $3.20 fails to hold, and this will set up further sell-off moves towards the $2.50-$2.00 range. However, on the other hand, if this level holds, a base can be built, and a recovery move may take place.
Uniswap Growth Accelerates Through Robinhood Chain
The data from Token Terminal further highlighted that apart from the pricing fluctuations, the TVL on Robinhood Chain for Uniswap is estimated to have grown to $60 million, indicating that there has been more than a 100% increase in the past week. The swift increase indicates the growth in liquidity and activity within the DeFi network.
Source: Token Terminal’s X Post
While that is happening, the monthly active users of Uniswap on the Robinhood Chain are approaching one million users and currently stand at roughly 880,000. This fast growth indicates increased adoption, engagement, and increased demand for services by Uniswap on the chain.
Despite the bullish price predictions and Uniswap TVL growth, the UNI price is still moving in a downward direction. This move is also backed by the cautious environment in the crypto market, as the BTC price is moving in a downward trajectory.
Also Read: UNI Price Eyes $4.20 as Uniswap V4 Trading Volume Surges to $1.47 Billion
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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