UNI price rebounded sharply, hitting $4.30 after gaining over 9% in a day, driven by surging demand and strong activity on Uniswap V4. The decentralized exchange's latest version recorded $6.17 billion in weekly volume, topping the DEX charts and sparking optimism around DeFi's growth.
Market watchers noted UNI reclaimed a critical support level around $3.78, which could signal a shift from months of selling pressure to renewed accumulation. Crypto analyst The Moon Show highlighted this milestone as a potential start of a lasting uptrend, pointing to a bullish monthly candle forming on the charts.
Renewed Momentum in Decentralized Trading
Uniswap V4's architecture improvements are attracting traders with enhanced flexibility and efficiency, helping it outperform competitors. Uniswap V3 remains strong as the second largest DEX by volume, processing $5.8 billion weekly, while Native Swap follows with $4.55 billion, reflecting fierce competition among decentralized exchanges.
With Bitcoin showing signs of recovery, UNI's upward trajectory gains further backing from overall market trends. Staying above the $3.78 level could pave the way for UNI to target higher resistance near $18, according to analysts closely tracking price action.
Information provided is for educational purposes and should not be considered financial advice.
