Uniswap Price Prediction: Rally to $9 Possible as Robinhood Chain Stats Get Hotter

Uniswap (UNI) has surged by 9% in the past 7 days, outpacing most other tokens in the top 30, as its successful launch on the Robinhood Chain has pushed protocol revenues to higher levels.

The token has seen its trading volumes spike after breaking past the $4 mark while also surging above the 200-day exponential moving average (EMA).

UNI has capitalized on the latest tailwinds that have lifted crypto valuations, including the SEC’s newly proposed rules for the industry and the Treasury Department’s decision to ramp up its bond buybacks in September.

Market sentiment has turned around dramatically in the past few days, as the Crypto Fear and Greed Index jumped from a recent low of 36 to 77 at the time of writing. At some point, this sentiment gauge rose to 80 — the highest level since December 2024, back when a strong bull market was raging.

Uniswap’s Active Users on Robinhood Chain Hit 20M

Data from Token Terminal shows that Uniswap’s active users on the Robinhood Chain just hit 20 million for the first time, indicating strong usage and adoption just a couple of months after the protocol was launched on this blockchain.

Uniswap is also the second-largest protocol on the Robinhood Chain by total value locked (TVL) with $791 million, while its trading fees are about to close out another great month.

In addition, the project recently published that it hit $20 billion in trading volume coming from this blockchain during these first two months.

According to on-chain data from DeFi Llama, fees could reach over $98 million by the end of the month if the current trajectory persists. This is almost the same figure that the protocol collected last month. Meanwhile, while other decentralized exchanges have seen their fees plummet by over 80% compared to their all-time highs, Uniswap’s fees are down just 39%.

Considering the severity of this recent bear market, we could witness a strong recovery in the project’s fee-generation capacity if a bull market starts, which would translate into a higher valuation down the road.

UNI Could Rise by 91% If It Breaks Past This Key Resistance

Even though the token is still sitting at a 20% year-to-date (YTD) loss, this second breakout above the 200-day EMA could set the stage for a strong move to $5 in the near term.

Heading to the daily chart, the price just broke past the $4 level for a second time in just a month. The last time, the market quickly rejected the move, and UNI retested its former trend line resistance from above.

The $3.25 level became a strong bouncing pad and pushed the token back above the 200-day EMA, indicating that momentum is once again on the side of bulls.

The Relative Strength Index (RSI) just rose to 65, triggering a buy signal as well. We see a chance that UNI could rise to $9 in the mid-term, provided that the token breaks past the $4.85 barrier. This translates into a 91% upside potential.