Uniswap (UNI) Surges 70% Amid Bullish Reversal and Strong Trading Volume

Uniswap’s governance token (UNI) is showing a powerful recovery, trading above $7.46 after gaining over 70% from its 2024 low of $4.55 on April 7. This marks UNI’s strongest bullish stretch since early 2023, posting gains in seven of the past eight weeks. The rally has pushed UNI beyond key resistance levels, signaling a possible trend reversal in both price and market sentiment.

The current pattern indicates a classic bullish reversal. After a prolonged downtrend, UNI has found strong support and formed higher lows, with consistent buying pressure reinforcing its upside. Buyers quickly absorbed a sharp early-session sell-off, creating a firm base around the $7.14–$7.17 zone—now acting as critical support in the ongoing uptrend.

Despite brief profit-taking around the $7.52 mark, UNI maintained strong momentum. Breaking through previous local highs, the token now eyes a key breakout above $7.60, which could confirm a broader momentum shift for traders and investors watching closely.

In the past 24 hours, UNI traded in a volatile $0.65 range between $7.14 and $7.79, posting intraday volatility of 8.7%. A sharp drop to $7.14 during the 10:00 hour saw volume spike 78% above the daily average. This was followed by a V-shaped rebound as buying volume surged to 4.69 million. UNI then peaked at $7.53 during the 18:00 candle, gaining 5.8% from the hourly low.

Uniswap’s sustained performance, improved volume dynamics, and key technical breakouts suggest continued bullish momentum. A confirmed breakout above $7.60 could open the door for further upside as investor sentiment strengthens around Uniswap’s role in DeFi governance and market infrastructure.