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But we saved everything 🙂.
Uniswap (UNI) is trading at $3.635, representing a drop of $0.092 (2.52%) from the previous close. The token opened at $3.657 and has moved down intraday, currently near the lower end of today’s range with a decrease of 2.24% from the open. Price action shows moderate volatility and persistent selling pressure after the open. Technical factors and short-term profit-taking are driving this pullback, despite a recent positive tweet from Hayden Adams about Uniswap's protocol revenues.
Hayden Adams highlighted that Uniswap is generating $5.2 million in daily fees, outpacing most protocols and demonstrating robust on-chain revenue generation. This tweet matters as high protocol revenue supports the long-term fundamental value of UNI by enhancing demand and signaling strong user activity. Despite this positive signal, the market is currently focused on overbought technical conditions and short-term reversal risk after a strong recent rally, which has outweighed sentiment from the revenue milestone. Other key developments include the growing adoption of Uniswap v4, new utility from Robinhood Chain integration, and continued leadership in DeFi trading volumes and TVL.
UNI is holding above the MA-20 ($3.1035) and MA-50 ($2.9734), but trades just below the MA-200 ($3.7436), with $3.2825 as the nearest support and $3.80 as resistance. The RSI and several oscillators indicate an overbought market, while the MACD remains bullish. The dominant trend is mixed and signals a higher likelihood of short-term downside, with a five-day forecast range of $3.25 to $3.80 and a sideways bias. The positive revenue signal from the tweet has not been confirmed by price action, introducing caution into the near-term forecast.
Earlier, analysts noted that Uniswap had shifted to mixed momentum, with recent gains balanced by ongoing caution amid ecosystem developments and heightened volatility. In light of current conditions, traders should monitor the evolving technical landscape for signs of a breakout or a potential shift in direction as Uniswap consolidates.