Uniswap\u2019s native token UNI is gaining strength after a major legal victory cleared a long-standing cloud over the project. The decentralized exchange token is moving back toward the $4 level following the dismissal of a nearly four-year lawsuit against Uniswap Labs.<\/p>\n\n\n\n
The positive court decision appears to have improved market sentiment, helping fuel a notable price rebound in recent days.<\/p>\n\n\n\n
At the time of writing, UNI is trading at $2.83, posting a 1.6% daily gain. Over the past week, the token has surged roughly 15%, although it remains slightly down on the monthly timeframe.<\/p>\n\n\n\n
Price action is now pushing toward the upper boundary of its recent seven-day range between $3.30 and $4.12.<\/p>\n\n\n\n
Market participation has also increased. Spot trading volume rose to $251 million in the past 24 hours, marking a 30% increase compared to the previous session. Derivatives data shows open interest climbing to $243 million, while trading volume in futures markets jumped 18% to $311 million.<\/p>\n\n\n\n
This steady increase in volume and open positions suggests traders are gradually rebuilding confidence and adding exposure as sentiment improves.<\/p>\n\n\n\n
The rally follows a decisive legal win for Uniswap Labs. On March 2, Judge Katherine Polk Failla dismissed the remaining state-law claims in the case known as Risley v. Universal Navigation Inc.<\/em><\/p>\n\n\n\n The lawsuit, first filed in April 2022, accused Uniswap Labs, founder Hayden Adams, and several venture capital firms of enabling fraud through scam tokens traded on the platform. Plaintiffs argued that between 2021 and 2022, they suffered losses due to alleged rug pulls and pump-and-dump schemes.<\/p>\n\n\n\n However, the court ruled that Uniswap, as a decentralized and permissionless protocol built on Ethereum, cannot be held responsible for actions taken by independent third-party token issuers. The alleged misconduct stemmed from anonymous token creators rather than the protocol itself.<\/p>\n\n\n\n Earlier federal securities law claims had already been dismissed in 2023 and upheld on appeal. With the remaining claims now dismissed with prejudice, the case cannot be reopened.<\/p>\n\n\n\n This ruling effectively removes a major legal overhang that had weighed on investor confidence. UNI responded positively soon after the decision.<\/p>\n\n\n\n From a technical perspective, UNI has shown signs of stabilization after bouncing from the $3.10\u2013$3.20 support zone. Multiple daily candles formed long lower wicks in this region, indicating strong buyer interest.<\/p>\n\n\n\n This support area also aligned with the lower Bollinger Band, reinforcing the idea that the token was oversold and due for a relief bounce.<\/p>\n\n\n\n Price has now reclaimed the 20-day moving average, which sits around $3.55\u2013$3.60. For weeks, this level acted as resistance. It is now being tested as support. The moving average is beginning to flatten, a sign that downward momentum may be fading.<\/p>\n\n\n\n The Relative Strength Index (RSI) has recovered from near-oversold levels around 25\u201330 and moved above 50. This shift suggests that bearish pressure is easing and short-term momentum is turning neutral to bullish. A further push toward the 60\u201365 zone would strengthen the bullish case.<\/p>\n\n\n\n The key resistance to watch remains the $4.00\u2013$4.05 area. This psychological level also aligns with the upper Bollinger Band. A strong daily close above $4 would confirm a short-term trend reversal and could open the door for a move toward $4.40\u2013$4.60.<\/p>\n\n\n\n If UNI fails to break above $4, a pullback toward $3.60 is possible, with stronger support near $3.20.<\/p>\n\n\n\n For now, the token appears to be attempting a broader recovery. A decisive breakout would likely reinforce the rebound narrative and attract additional momentum-driven buyers.<\/p>\n","protected":false},"excerpt":{"rendered":" Uniswap\u2019s native token UNI is gaining strength after a major legal victory cleared a long-standing cloud over the project. The decentralized exchange token is moving back toward the $4 level following the dismissal of a nearly four-year lawsuit against Uniswap Labs. The positive court decision appears to have improved market sentiment, helping fuel a notable…<\/p>\n","protected":false},"author":3,"featured_media":14429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[65,121,538],"class_list":["post-14400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto","tag-trade","tag-uniswap"],"yoast_head":"\nTechnical Outlook: Can UNI Break Above $4?<\/h3>\n\n\n\n