Uniswap (UNI) is showing renewed bullish momentum as buyers defend support levels and growing activity on Uniswap V4 strengthens the broader ecosystem. Rising fee generation across multiple networks points to increasing adoption, while sustained demand could support further recovery and reinforce the token's longer-term outlook.

At the time of writing, UNI is trading at $5.32 with a 24-hour trading volume of $635.3 million and a market capitalization of $3.31 billion, according to CoinMarketCap. After a 15.25% gain over the last 24 hours, UNI's price structure and TVL growth are being read by analysts as pointing toward a potential bullish reversal.

UNI Price Targets $18.98 as Buyers Defend Support

According to crypto analyst BullifyX, UNI is displaying renewed bullish potential after sweeping liquidity near $4.78 — a move that may have cleared downside pressure before buyers stepped back in.

Attention is now shifting toward the $4.98–$5.10 support zone. If UNI retests this area and buyers successfully defend it, the token could build momentum for another upward move.

The next significant barrier sits at $6.41, a level that will help determine whether UNI's rally is more than a mere bounce. A breakthrough above it would bolster bullish confidence, opening the path toward the next key target of $11.65 and, ultimately, $18.98.

Uniswap V4 Hits Record $17.1M Weekly Earnings

Data from MSB Intel shows that Uniswap V4 has generated its best weekly earnings ever recorded since DefiLlama began its daily series in 2025, bringing in $17.1 million in a single week.

The record reflects increased trading across Uniswap V4's multichain deployment, with Robinhood Chain generating $12 million, Ethereum $1.9 million, and Base $1.7 million.

The strong fee performance highlights how expanding blockchain usage is driving Uniswap V4's growth beyond the Ethereum network. Elevated fee revenue is an indicator of increased trading activity and liquidity, signaling growing interest in decentralized exchanges. With continued growth on Robinhood Chain, Ethereum, Base, and other networks, Uniswap V4 can sustain high economic activity.

Notably, the record week comes after a period in which much of Uniswap V4's revenue was dominated by memecoin-driven trading on emerging chains — a pattern seen across decentralized exchanges when speculative activity spikes on low-cost networks. Sustained fee generation across a broader mix of networks, rather than concentrated speculative volume, would be a closer indicator of durable usage.

What Happens Next for UNI?

UNI's next moves depend on buyers holding the $4.98–$5.10 support region and breaking through resistance at $6.41. Such a development could strengthen bullish sentiment, creating the opportunity to test levels around $11.65 and $18.98.

Separately, continued fee growth from Uniswap V4 and rising multichain usage could help sustain the recovery. For the broader sector, fee revenue on automated market maker protocols has become a closely watched metric for decentralized exchange health, as it directly reflects trading volume and liquidity depth rather than token price alone.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.