Uniswap is currently trading at $11.02, marking a 4% gain in the past 24 hours and a 60% increase over the last month, as it continues to test key resistance levels. Over the past week, its price has ranged between $9.78 and $11.30, with recent gains fueled by rising trading activity and growing momentum within the DeFi sector.
Open interest has climbed 4.76% to $754.7 million, while daily trading volume has surged 25% to $427.5 million—signals of renewed investor confidence in the ongoing upward trend. While there is some risk of profit-taking, the market structure remains bullish as long as prices hold above the $10 mark.
Uniswap v4 On-Chain Metrics See Strong Surge
Uniswap v4’s rapid expansion continues to fuel its momentum, with cumulative trading volume now exceeding $110 billion and total value locked (TVL) surpassing $1.03 billion. According to DeFiLlama, the platform has processed $26 billion in decentralized exchange volume over the past 30 days.
The majority of activity is concentrated on Unichain, Uniswap’s native Layer 2, which now handles around 75% of all trades, while Ethereum’s share has dropped below 20%.
Over 2,500 liquidity pools have deployed custom Hooks, and protocols like Bunni and EulerSwap have each crossed $1 billion in trading volume. Unichain’s low fees and fast block times have also propelled it to become the third-most-used Layer 2 network.
Since launching on January 31 across 10 networks—including Ethereum, Arbitrum, Base, and BNB Chain—Uniswap v4 has seen significant growth. Recent July upgrades introduced broader smart wallet support, cross-chain integrations with Hyperbridge and LayerZero (ZRO), and a milestone of more than 640 million total swaps processed.
Uniswap technical analysis
UNI is currently trading at $11.03, sitting just below its recent high of $11.30 and under the upper Bollinger Band at $11.63. With a Relative Strength Index (RSI) of 71.30, the token is in overbought territory, suggesting potential for a near-term pullback. However, the 20-day simple moving average (SMA) at $9.73 continues to act as strong support, remaining well below the current price level.
UNI’s price action is forming a staircase-like uptrend, marked by steady gains followed by brief periods of consolidation—a pattern typical of strong bullish momentum. However, with the RSI remaining above 70 for an extended period, short-term profit-taking is possible without a cooling-off phase.
The broader uptrend is likely to continue as long as UNI holds above key moving averages and trading volume supports the momentum. A breakout above $11.30 could open the door to the next resistance level near $12, with a potential extension toward the $13–$14 range if bullish pressure persists.
On the downside, a rejection at resistance could prompt a pullback toward the $9.70–$10 zone. However, as long as this level holds, the overall market structure would remain bullish.
