Uniswap Defies Gravity at Key Support Level as Trading Volume and Protocol Revenue Surge

DeFi’s liquidity powerhouse flirts with a make-or-break price floor—just as traders pile back in and fees start flowing. Who said bear markets were boring?

Volume spikes 42% in 24 hours while revenue hits a 90-day high. Someone’s making money... and it’s probably not retail.

Technical outlook: Bulls cling to the $5.20 support like a VC clinging to their token vesting schedule. Break below could trigger liquidations; hold sets stage for squeeze.

Meanwhile in TradFi land: Hedge funds still can’t decide if this is ’digital gold’ or a ’speculative asset’—maybe try reading the on-chain data?

Uniswap price technical analysis

The weekly chart shows Uniswap was trading at $6.50 on Monday, up from its year-to-date low of $4.6175. This low coincided with an ascending trendline connecting major support levels dating back to June 2022.

It has formed a giant megaphone pattern, which is characterized by an ascending and diverging trendlines, and is a highly bullish pattern. 

If a breakout occurs, UNI could rally toward last November’s high of $19.24, representing a nearly 200% increase from current levels. However, a drop below the lower boundary of the megaphone pattern WOULD invalidate the bullish setup and suggest further downside.