What to know:
- UNI stays bullish after reclaiming key support, with buyers defending higher levels.
- Technical indicators remain positive, as UNI trades above its 9-period EMA and 50-period SMA.
- Uniswap V4 leads DEX volume, reflecting growing adoption across DeFi.
Uniswap (UNI) remains bullish after reclaiming key support, with buyers defending higher levels and technical indicators favoring continued strength. Meanwhile, Uniswap V4 leads decentralized exchange trading activity, highlighting growing adoption and reinforcing the protocol’s leadership across the expanding DeFi ecosystem.
At the time of writing, UNI is trading at $3.82 with a 24-hour trading volume of $155.64 million and a market capitalization of $2.38 billion. Following the 1.36% gain over the last 24 hours, the UNI price structure and DEX volume growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Uniswap v4 Unlocks Permissioned Pools for Onchain Assets
UNI Price Reclaims Support, Bulls Eye $4.50 Target
According to the crypto analyst Alpha Crypto Signal, Uniswap (UNI) has strengthened its bullish outlook after flipping a key horizontal resistance level into support on the four-hour chart.
The successful breakout confirms a healthier market structure, with buyers defending the reclaimed zone. Holding above this support suggests growing confidence, while sustained demand continues to reinforce the token’s improving short-term technical momentum.
Source: Alpha Crypto Signal’s X Post
This bullish pattern is reinforced by UNI’s current position above its 9-period Exponential Moving Average (EMA) and 50-period Simple Moving Average (SMA), which means there has been persistent strong buying activity. It is expected that retaining this level of support will help the rally to move towards $4.50.
Uniswap V4 Tops Weekly DEX Volume Rankings
The data from MSB Intel further highlighted that Uniswap V4 has quickly established itself as the leader in decentralized exchanges based on weekly volume traded with the trade value amounting to $6.04 billion.
This marks a major milestone that highlights the increasing usage of the latest iteration of the protocol amid growth in the decentralized finance space.
Source: MSB Intel’s X Post
The second position is occupied by Uniswap V3, with $5.85 billion in weekly volume, while the third one is occupied by PumpSwap, which had $3.80 billion in weekly volume.
These positions reveal the dominance of Uniswap in decentralized exchanges since Uniswap V4 is now leading the market because of the increasing user adoption.
Following the bullish price predictions and DEX volume growth, the UNI price is moving in an upward direction. However, the general trend in the crypto market is still cautious, and a breakout could turn into a fakeout if conditions remain unchanged.
What Could be Next?
If UNI is able to hold on to its recovered foothold, buyers may target the $4.50 resistance level and drive the prevailing uptrend even further.
The ability to remain above the important moving averages, along with DEX volume growth, will strengthen the positive sentiment. On the other hand, any gains in market share by Uniswap V4 will be an added bonus.
Also Read: Uniswap Price Eyes $4 Breakout as V4 Dominates Weekly DEX Trading Volume
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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