Uniswap (UNI) is gaining bullish momentum as buyers defend key support and push the UNI price toward major resistance. Improving technical signals, rising protocol activity, stronger fee generation, and growing token burns are reinforcing the recovery narrative, while a decisive breakout could pave the way for further upside.
At the time of writing, UNI is trading at $7.08 with a 24-hour trading volume of $519.31 million and a market capitalization of $4.42 billion. However, the UNI price has surged by 3.36% over the last 24 hours.
Source: CoinMarketCap
UNI Price Breakout Could Open Path to $15
The crypto analyst Rekt Capital revealed that the UNI price has surged around 57% since successfully retesting a key support zone, confirming renewed buying pressure and improving its short-term market structure.
The rebound has now carried UNI toward a major descending trendline, where sellers could attempt to limit further gains. The successful retest remains an important technical signal supporting the ongoing recovery.
Source: Rekt Capital’s X Post
UNI’s latest advance follows a breakout setup highlighted in August’s Altcoin Watchlist, which anticipated a move toward the downtrend after buyers reclaimed the key area.
If the UNI price decisively breaks above this resistance and converts it into support, bullish momentum could accelerate, bringing the $10 level into focus first, followed potentially by the higher $15 target as momentum strengthens.
Also Read: Uniswap (UNI) Price Could Target $45 After Breaking Key $5.475 Resistance
Bollinger Bands and MACD Point to Strong Recovery
According to the TradingView chart analysis, the UNI price chart depicts a strong bullish breakout on September 5, 2026. The price surged 13.82% to reach $7.04190, opening at $6.18470 and peaking at $7.06010.
This sharp upward push stretched past the upper Bollinger Band ($6.78402), signaling intense buying pressure and volatility expanding far above its baseline ($4.76600).
Source: TradingView
Technical indicators further reinforce this strong upward momentum. The MACD line (0.68579) expanded significantly above the signal line (0.44679), accompanied by growing green histogram bars at 0.23900.
While this solidifies robust bullish strength across recent weeks, trading well outside the upper band suggests potential overextension, raising the possibility of short-term consolidation.
Uniswap Fee Revenue Climbs as UNI Supply Shrinks
Market watcher Token Terminal pointed out that Uniswap earned about $2.4 million in earnings for the past week, giving it a run rate of close to $125 million on an annualized basis.
The growth is evidence of more economic activity taking place within the decentralized exchange as the fee-earning mechanism has been widened to cover various versions of the protocol, liquidity pools, and blockchains.
Source: Token Terminal’s X Post
Following December 2025, the process of fee gathering at Uniswap has been done in five stages, improving the capacity of the protocol to generate value due to the rise in its use.
Fees gathered are automatically turned into UNI tokens, which get burned forever. This model can become more efficient in token economics if fees continue to be generated at a high level.
UNI Burn Jumps as Robinhood Chain Activity Explodes
The data from the Wu blockchain further highlighted that the number of burned tokens by Uniswap has broken new records as well; on September 4, a total of 184,000 tokens were burned, with a value of $1.15 million. This marked the first time that the value of tokens burned on a daily basis exceeded $1 million.
Source: Wu Blockchain’s X Post
The spike is mainly due to the Robinhood Chain, where there are 150,000 UNI of burnt tokens. This happened at the same time when the network was witnessing a daily trading volume above $3 billion on the decentralized exchange for the first time ever. The Uniswap exchange recorded 98% of the DEX trading volume.
What Happens Next?
The next test of the UNI price will be to break out from the declining trend line. This move can help boost the bullish sentiment and help the price move towards $10 or even $15.
But failure to do so might result in a period of consolidation, where support levels become crucial to protect the broader uptrend.
Also Read: Uniswap (UNI) Eyes a Strong Breakout to $12 as Bullish Momentum Builds
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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