Uniswap has been experiencing a significant uptrend in recent days, with its price currently sitting at $3.61. This marks a long-term support zone after years of decline, and momentum indicators are signaling strengthening bullish pressure for UNI. According to TradingView, the RSI has climbed to 57.82, surpassing its signal line, which suggests an increase in buyers' power.
The MACD shows a bullish crossover as the histogram bars continue to widen with the MACD crossing at 0.00230. This indicates that the ongoing uptrend is sustainable for the UNI price. Uniswap remains the leading on-chain decentralized exchange by volume, processing billions in trades even through bear conditions.
The recent surge in UNI's price has been attributed to its positioning as a key liquidity layer in tokenized finance. With major unlock events largely behind it, reducing supply pressure, traders are watching the $4 weekly level closely as a potential structural shift. Uniswap is expected to play a crucial role in the growing DeFi market, with Standard Chartered Bank predicting up to $4 trillion worth of tokenized assets to transact on-chain by 2028.