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But we saved everything 🙂.
Uniswap (UNI) is trading at $2.592, up $0.075 from the prior close for a 2.98% daily gain. Since the market opened, UNI has steadily advanced to the session high, marking a move of $0.075, or 2.98%. This rebound follows recent oversold conditions and moderate volatility, though persistent selling pressure remains evident in the technical indicators. The price recovery appears primarily driven by technical exhaustion and intraday momentum, with supportive sentiment from positive developments mentioned by key industry figures.
Hayden Adams highlighted that a steady stream of projects is launching tokens and bootstrapping liquidity with Uniswap Auctions, expressing clear enthusiasm for Uniswap’s ecosystem growth. This tweet signals rising network adoption, which can enhance protocol activity and contribute to long-term demand for UNI. The market’s intraday move aligns with these positive signals, though the broader context remains cautious due to persistent low trading volume and the lack of any confirmed product launches or fee switch activation. Community discussions continue around a potential Uniswap v4 release and fee switch, but no official confirmations have emerged.
The current UNI price of $2.592 remains well below the MA-20 ($3.0745), MA-50 ($3.2875), and MA-200 ($4.2226), highlighting sustained pressure from sellers across all major timeframes. The nearest resistance stands at $3.08 (Ichimoku Kijun), with key support at $2.41 and bearish momentum prevailing per the MACD and RSI. For the next five sessions, price is expected to trade between $2.41 and $2.74, with a low probability of a decisive rebound. The underlying fundamental support from increasing adoption noted in the tweet complements this technical outlook.
Earlier, analysts noted that Uniswap remained under sustained bearish pressure despite token burns and optimism around protocol developments. In light of the current context, traders should watch for clear momentum shifts to signal either a continuation of the downtrend or the emergence of a recovery phase.