Uniswap (UNI) is back in the spotlight, trading at $11.02 after gaining 4% in the last 24 hours and a strong 60% over the past month. With bullish momentum building and rising investor interest, UNI is inching closer to a key resistance level at $11.30 but will it break through?
Investors Pile In as Confidence Grows
Over the past week, UNI has been bouncing between $9.78 and $11.30, supported by a surge in both spot and derivatives trading. Daily volume is up 25% to $427.5 million, and open interest has climbed 4.76% to $754.7 million. That growth in active capital signals increasing confidence that the current uptrend could stick.
Importantly, $10 remains a key support zone and as long as UNI holds above it, the structure remains firmly bullish, even with the potential for short-term profit-taking.
Uniswap v4 Momentum Adds Fuel to the Fire
Behind UNI’s strength is the ongoing expansion of Uniswap v4, which has now processed over $110 billion in cumulative trading volume. The total value locked (TVL) has crossed $1.03 billion, while monthly DEX volume stands at an impressive $26 billion, according to DeFiLlama.
Most of this action is happening on Unichain, Uniswap’s native Layer 2, which now handles about 75% of all trades. Ethereum’s share has dropped to under 20%, highlighting the growing role of Layer 2 solutions in the protocol’s ecosystem.
Over 2,500 custom liquidity pools using “Hooks” have launched, and projects like Bunni and EulerSwap have each crossed $1 billion in volume. With low fees and fast speeds, Unichain has already become the third-largest Layer 2 by usage.
Launched on January 31, Uniswap v4 supports 10 networks, including Ethereum, Arbitrum, Base, and BNB Chain. Recent July updates brought expanded smart wallet support, cross-chain integrations with LayerZero and Hyperbridge, and more than 640 million swaps processed in total.
UNI Technical Outlook: Looking Strong but Slightly Overheated
From a technical standpoint, UNI is showing signs of strength but also flashing a caution flag. The token is currently just under its recent peak of $11.30, and slightly below the upper Bollinger Band at $11.63. The Relative Strength Index (RSI) sits at 71.30, suggesting the market is overbought and may be due for some short-term cooling.
Still, UNI’s price action shows a healthy staircase-like climb a hallmark of solid uptrends that pause briefly before pushing higher.
If UNI can break cleanly above $11.30, the next stop could be $12, with potential to target $13–$14 in the near term. On the downside, a drop toward the $9.70–$10 support area may happen if resistance holds and the RSI eases, but that wouldn’t necessarily break the bullish setup.
Bottom Line
Uniswap is on a strong upward trajectory, fueled by a combination of technical strength and real on-chain growth through v4. With UNI testing a critical resistance zone, traders are watching closely to see if it has the momentum to break through. As long as trading volume stays strong and support holds, Uniswap’s rally could be far from over.
