Uniswap Price Prediction 2026: Uniswap Could Surge to $6 If Bulls Defend This Level

Uniswap (UNI) has gone down be nearly 6% in the past 24 hours as the Coldcard hack continues to put pressure on crypto prices.

Last week, hackers managed to steal $89 million worth of BTC tokens from more than 1,100 Coldcard wallets by exploiting a flaw in its coding.

These bad actors targeted the wallet’s seed phrase generation system and managed to replicate valid recovery phrases, which allowed them to syphon users’ funds.

The news sent shockwaves across the crypto community as cold wallets, or hardware wallets as they are also known, have always been considered the safest method to store crypto assets.

Although that does not necessarily invalidate the premise that cold wallets are the safest instruments out there to store digital assets, it does raises questions about the strength of their coding.

Uniswap Fees Rise by 118%, Aided by Robinhood Chain Launch

Uniswap had managed to rise to $4.5 per token before the news broke, rising past its 200-day exponential moving average (EMA) with the help of fresh trading volumes and fees coming from the recently launched Robinhood Chain.

Just a month after its launch, this decentralized exchanges has processed over $10 billion in volumes from this chain, and has climbed to the top of the leaderboard with $30 million in fees in the past 30 days and 1.9 million monthly active users (MAUs).

Protocol fees rose by 118% compared to the previous month, climbing to their highest level since October 2025. Meanwhile, DEX volumes increased from the second month in a row, rising from $42 billion in June to $53 billion as of last month.

Whenever Uniswap’s volumes and fees rise to these levels, the token typically trades above the $6 area. However, market conditions are quite unfavorable for crypto assets at this point, as the macroeconomic landscape in the United States continues to be challenging while geopolitical tensions in the Middle East persist.

Paired with the unprecedented hack of over 1,000 Coldcard devices, the selling pressure continues to be strong and has pushed UNI back to its long-term moving average.

Unfavorable Market Conditions Could Still Prevent UNI from Climbing to New Heights

Looking at the daily chart, its recent break above the 200-day EMA put UNI at a favorable situation that few cryptos have managed to achieve during this bear market.

One example has been Hyperliquid (HYPE), a decentralized exchange that has also experienced project-specific tailwinds this year and whose native token has doubled in value since the year started.

A pullback for UNI seems due at this point as the Relative Strength Index (RSI) had already been hovering near or above overbought territory for a while.

We already saw a failed breakout for UNI back in November 2025, as the protocol announced a massive token burn. Back then, the price rose to $10 per token and quickly started to plummet until hitting $5 just 45 days later.

Since market conditions remain highly unfavorable, the odds that this could be another fakeout are high.

However, if the price bounces strongly off the 200-day EMA, we may see UNI rising and defying the market’s gravity as HYPE has done, as its launch in the Robinhood Chain has strengthened its fundamentals and may prompt the market to revisit the project’s valuation in the near term.