Uniswap’s UNI token has recently seen a price recovery, correlating with Ethereum’s rebound. It surged over 12 percent last week, reaching $5.87. Factors such as increased Futures Open Interest and a shift in market dynamics are contributing to this momentum. Caution is still warranted, with the recommendation of a stop-loss at $4.95, as the crypto market remains volatile. Additionally, Uniswap benefits from a favourable regulatory climate following the end of SEC investigations.
Uniswap’s price, represented by its token UNI, has been riding alongside Ethereum’s rebound in this current crypto recovery. After facing dramatic losses year-to-date, there’s been a bit of a relief rally in recent weeks, particularly notable as UNI managed to gain more than 12 percent last week, reaching around $5.87 on Friday, April 25. This comes amidst a notable trading environment, with a market valuation close to $5.8 billion and daily trading volume hitting approximately $232 million.
The slight uptick in UNI’s price over the past days can be linked to a rise in Futures Open Interest (OI). Recent figures from Coinglass showed that UNI’s OI increased nearly 9 percent within a 24-hour period, now sitting at about $247 million. This upward shift could indicate growing confidence in UNI among traders, or at least a speculative interest as prices start to move.
As the leading decentralised exchange (DEX) on the Ethereum network, Uniswap’s UNI has historically shared a tight correlation with ETH’s price movement. Recently, as ETH pushed past the $1,800 mark, UNI broke free from a falling wedge pattern. For the last five days, UNI consistently closed above a falling logarithmic trend established year-to-date, which some traders see as a bullish sign—especially with the daily Relative Strength Index (RSI) now exceeding 50 for the first time in 2025.
Also noteworthy is the daily MACD line, which is on the verge of crossing the zero line, hinting at further momentum, supported by positive histogram bars. If Ethereum’s price targets $2,000 soon, UNI could see a spectacular surge, potentially over 100 percent. However, cautionary measures are advised, particularly a stop-loss around $4.95, in case the bullish sentiment falters.
On a fundamental note, insights from Intotheblock reveal that large transaction volumes for UNI have risen by $304 million over just a week. Furthermore, only 22 percent of UNI holders are currently in profit, which could be indicative of a better outlook ahead as market recovery deepens. In another positive twist for the Uniswap project, it’s worth noting that under the previous Trump administration’s pro-crypto approach, Uniswap has avoided scrutiny from the U.S. SEC after investigations were dropped this year. Consequently, the total value locked (TVL) in Uniswap has swelled to over $3.8 billion, welcoming around $1.67 billion in trading activity over a 24-hour period.
