Uniswap Price Rises 74% Since April Low Amid Increased On-Chain Activity

Generated by AI AgentCoin World
Monday, Jul 7, 2025 1:09 am ET1min read
UNI
--

Uniswap [UNI] has experienced a challenging year, with its price dropping by 74% from December’s high of $19.47 to April’s low of $4.55. However, since mid-May, the price has shown a gradual upward trend, with the 50-day moving average serving as a strong support level. This trend suggests that the decentralized exchange (DEX) may be gaining more traction, as indicated by increased on-chain activity.

The 7-day moving average of the transaction count for

Uniswap
tokens has been rising since mid-April, reflecting greater demand and usage. This trend continued into May and June, with heightened trading volume compared to April. However, the trading volume began to decline towards the end of June and the start of July, which could be an early indicator of potential challenges for Uniswap’s price.

Metrics and indicators suggest a cautiously bullish outlook for Uniswap. The price action since May has shown upward momentum, despite periods of high volatility. The 90-day spot taker CVD has been bullish since mid-May, indicating a taker buy dominant phase. This finding contrasts with the high retail Futures activity seen in recent weeks, which tends to mark an overextended market and could help spot local tops.

The 1-day price chart highlights bullish momentum, with the RSI above neutral 50 and the price above the 20 and 50-day moving averages. However, the CMF is at -0.1, indicating significant capital outflows. This presents conflicting signals about the next direction of Uniswap. The $8 resistance zone is likely to see greater volatility, especially since it appears to be a short-term level of importance.

Swing traders looking to go long on Uniswap can do so once the $8 resistance is flipped to support. However, market participants should be cautious of a potential bearish reversal, despite the 90-day spot CVD showing buyer dominance. The mixed signals on the charts suggest that while there is potential for Uniswap to reach $8, it may face volatility and challenges along the way.