Uniswap’s native token, UNI, has shown notable resilience, trading at $3.82 with a 24-hour volume exceeding $155 million and a market cap of $2.38 billion. After gaining 1.36% in the past day, technical signals point toward a likely upward move targeting $4.50.
UNI Strengthens Its Base Above Key Moving Averages
Recent price action on the four-hour chart reveals that UNI has flipped a key horizontal resistance into support. This shift suggests stronger market health as buyers actively defend this zone. The token’s current position above both its 9-period EMA and 50-period SMA confirms sustained buying pressure. According to analyst Alpha Crypto Signal, maintaining these levels supports the potential for further rallying momentum, possibly pushing the price toward the $4.50 mark.
Uniswap V4’s Volume Dominance Highlights Growing Adoption
Uniswap’s latest version, V4, has surged to capture the largest weekly decentralized exchange volume at $6.04 billion, according to MSB Intel data. This surpasses Uniswap V3’s $5.85 billion and third-place PumpSwap’s $3.80 billion, underscoring the protocol’s ongoing dominance in DeFi trading. The volume growth with V4 reinforces UNI’s positive price outlook as increased user activity fuels demand.
While the short-term trajectory looks promising, broader market caution remains. UNI’s ability to hold above its support levels and capitalize on Uniswap V4’s expanding market share will be critical to sustaining upward pressure. Without these factors, the breakout could falter.
material is for informational purposes only, not financial advice
