The tweet was deleted by the author.
But we saved everything 🙂.
Uniswap (UNI) is trading at $3.775, down $0.065 or 1.69% from the previous close. Since the market opened, UNI has moved mildly lower, showing a moderate decline both in absolute and percentage terms, with prices hovering near the session’s midpoint and exhibiting intraday volatility. The downward pressure appears to be driven mainly by short-term profit-taking and increasing caution as technical indicators point to rally exhaustion; positive sentiment from talk of expanded protocol use has not stemmed the pullback.
Hayden Adams highlighted the Uniswap protocol's new hook feature in v4 that allows easier support for regulated, permissioned token trading. This development is significant because it could boost institutional adoption and unlock new compliant revenue streams for UNI. However, despite this positive structural evolution, the market is focusing more heavily on waning technical momentum and short-term resistance, resulting in price softness. Additional developments include recent record self-custody outflows and protocol upgrades aligning Uniswap with increased on-chain usage.
UNI is positioned above its 20-day, 50-day, and 200-day moving averages at $3.4827, $3.0794, and $3.6177, confirming a bullish underlying trend. Key support lies at $3.29, while immediate resistance is near $3.95. Momentum signals from MACD remain positive, yet the overbought RSI warns of short-term exhaustion, suggesting possible consolidation. The next five days are forecast to see UNI fluctuate between $3.17 and $3.94; the tweet’s fundamental signal has not been confirmed by price action, adding caution to the short-term forecast.
Previously it was reported that Uniswap was experiencing bullish momentum fueled by active governance proposals and increasing token burns. As market developments continue to unfold, traders should monitor any shifts in protocol activity or governance outcomes that could define the next key move in UNI's price action.