Uniswap (UNI) has performed remarkably well in the past 30 days, booking a 49% gain as trading volumes within its decentralized exchange just reversed a 4-month downtrend.
In the past 24 hours alone, its native asset has jumped by 5% and has broken a long-dated trend line resistance. This confirms that bullish momentum is rapidly accelerating and could set the stage for further gains.
According to on-chain data from DeFi Llama, DEX volumes ended at $42.6 billion last month, meaning a 27% jump compared to May 2026. This marked a shift in the trend, as DEX volumes had been dropping for three months in a row.
In the broader context of a bear market for cryptos as a whole, we see this recovery in DEX volumes as a tailwind for UNI’s valuation.
Moreover, a simple run rate of the current figure for July points to volumes rising past $40 billion again. If volumes close the month at a higher level compared to June, that could further push the price of the token to higher areas.
Uniswap partnered with Robinhood to process all of the transactions associated with its new blockchain called Robinhood Chain.
Thus far, the Ethereum-based protocol has processed $1 billion in volume just 11 days after the launch of this new chain.
This collaboration with one of the U.S.’s hottest zero-commission trading platforms effectively boosts Uniswap’s credibility and confirms the strength of its DEX and its real-world use cases for TradFi.
UNI offers holders governance rights and exposure to the impact of fee collection. The protocol executed a massive token burn in December 2025 that immediately benefited UNI investors by reducing the token’s circulating market cap.
In addition, they instituted a new policy that sets apart a sixth of the total collected in fees for repurchases and burns UNI as well. Initial estimates point to $130 million a year in fees flowing to this ongoing token burn, corresponding to around 5% of the asset’s circulating market cap at the time of writing.
Looking at the daily chart, UNI has been rising for four days in a row and is retesting a former resistance at $3.7. The price is also coming near the 200-day exponential moving average (EMA), which is our key supply zone to watch right now.
We expect that the selling pressure will rise once UNI hits this mark and could push the token back to that former trend line resistance in the near term.
If that line acts as support, it is highly likely that we will see UNI break past the $4.2 mark soon. The Relative Strength Index (RSI) in this higher time frame has entered overbought territory already, increasing the odds of a pullback in the short term.
That said, an overbought RSI is also an indication that momentum currently favors bulls. Hence, if we break past the 200-day EMA, this could be interpreted as an early signal of the end of a bearish cycle for UNI.
Alejandro Arrieche specializes in drafting news articles that incorporate technical analysis for traders and possesses in-depth knowledge of value investing and fundamental analysis.