Uniswap’s native token, UNI, climbed 9.34% over the past 24 hours, regaining key support after months of declines and sparking discussions of a possible price reversal. Growing adoption of Un
Uniswap’s native token, UNI, climbed 9.34% over the past 24 hours, regaining key support after months of declines and sparking discussions of a possible price reversal. Growing adoption of Uniswap V4 and a surge in trading volumes have contributed to renewed optimism around the leading decentralized exchange platform.
UNI is currently trading at $4.30, with a 24-hour trading volume of $322.6 million and a market capitalization of $2.69 billion. After a prolonged period of weakness, the latest rally marks a shift in market sentiment, as UNI has recovered a major monthly support level.
The analyst known as The Moon Show noted that after enduring consistent downside, UNI’s price action indicates potential accumulation, with traders interpreting the regained support as a significant technical development. This technical move has intensified focus on whether buyers can maintain momentum and potentially establish a new uptrend.
With UNI reclaiming this major level after months of pressure, analysts see this as a possible foundation for more stable growth if the buying interest persists.
A bullish monthly candle is forming, according to analysts, supporting the view that selling pressure has eased. They suggest that holding above $3.78 will be crucial for confirming any push towards $18, and that sustained bullish activity could lead to further expansion in price.
Recent data from research platform MSB Intel showed Uniswap V4 leading the decentralized exchange sector, processing $6.17 billion in weekly trading volume. The latest Uniswap upgrade has introduced more flexible and efficient features, driving higher adoption rates among users and developers.
Uniswap is a leading decentralized exchange protocol that allows users to trade cryptocurrencies directly from their wallets, without intermediaries. Its architecture enables automated liquidity provision and non-custodial trading on the Ethereum blockchain.
Uniswap V3 ranks second, recording $5.80 billion in weekly volumes, while Native Swap occupies the third spot with $4.55 billion. The increasingly competitive environment among decentralized exchanges highlights the robust growth of this sector.
DEXWeekly VolumeUniswap V4$6.17 billionUniswap V3$5.80 billionNative Swap$4.55 billionRising trading activity on Uniswap reflects both renewed confidence in the protocol and the broader market’s uptrend, with Bitcoin’s recent positive movement further supporting sentiment across digital assets. The upward shift in DEX volumes suggests that decentralized trading platforms are gaining traction in the face of evolving user needs.
Analysts caution that UNI’s ability to build on the current rally will depend on buyers defending the recently reclaimed support zone. Momentum is likely to continue if increasing user numbers and elevated activity on Uniswap V4 persist over the coming weeks.
Traders will closely monitor the support levels, as further gains are tied to the ongoing expansion of the Uniswap user base and sustained growth in DEX volumes.
While market analysts share bullish price forecasts, they emphasize that crypto markets remain volatile and advise investors to monitor support zones closely as the situation evolves.
Mini dictionary: Uniswap V4, the latest version of Uniswap’s protocol, brings modular architecture and improved flexibility for developers, enabling new features for liquidity pools, order execution, and protocol upgrades. This upgrade aims to boost efficiency and broaden use cases for decentralized trading.
The post Uniswap rises 9%, reclaims support as UNI volume and V4 adoption climb appeared first on COINTURK NEWS.
