Uniswap's UNI Price Surges 10.19% on Strong Q1 Earnings

Uniswap has recently marked its position as a leader in decentralized finance (DeFi) innovation, attracting investors with its impressive financial achievements. In the first quarter of 2025, Uniswap reported a robust $140 million in revenue and declared $95 million in asset valuation, alongside a notable $12.4 million allocated for grants. This financial performance has contributed to a surge in the UNI price, which has made it to the top gainer’s list today with a 10.19% increase in the past 24 hours.

The UNI price is currently trading at $7.29, with a 13.50% gain over the past 7 days. The market cap stands at $4.58 billion. The price chart indicates a bullish breakout from a consolidation triangle, with the price rebounding from the $6.50 entry zone and currently up by approximately 15%. This movement suggests a potential trend reversal, as the price has broken out of a falling wedge pattern. Traders are eyeing targets of $10–$11, driven by strong on-chain activity and the formation of bullish chart patterns. According to an analyst's forecast, there is a potential for a 6x upside for UNI, aligning with Uniswap's strong protocol growth.

One of the most compelling narratives shaping Uniswap’s future is the migration of its activity from Ethereum Layer 1 to Layer 2, reflecting broader industry scaling trends. This shift is encouraging network growth and contributing to the positive price trend. The price of UNI has surged to its highest level in 85 days, with some analysts predicting that if the count is accurate, the price could break out above $7.50 and move into double digits. This bullish momentum is further supported by UNI's recent performance, which includes a weekly gain of 9.27% and a one-month increase of 11.36%. However, it is important to note that UNI has faced a significant decline of 52.01% over the past six months, indicating considerable volatility in its price movements.

Despite the market's downturn, recovery efforts indicate that sentiment can quickly turn positive under the right conditions. Current prices fluctuate between $4.39 and $6.32, with immediate resistance around $7.36 and another level near $9.29. Support is identified at $3.51 and further backed by levels at $1.58. Bulls are gaining traction in this range, though a strong trend is not yet established. Traders may find opportunities by focusing on support levels while being mindful of possible pullbacks.

The bullish momentum of UNI is further supported by its recent price action, which has bounced strongly off the $6.23 support and is now reclaiming bullish ground with volume increasing. The current price action at $6.65 shows resilience, as UNI has traded at $7.44, rising over 8% in gains on Thursday, repeating the 8% growth seen the previous night. This suggests a boost in bullish momentum, as it has managed a breakout aiming for the $7.50 target.

In conclusion, UNI's recent performance and trading outlook suggest that it is poised for a bullish breakout. The cryptocurrency has shown resilience and strong on-chain activity, with traders eyeing targets of $10–$11. However, it is important to note that the market is volatile, and traders should be mindful of possible pullbacks. Moving forward, UNI's ability to maintain its current levels will be crucial for further growth.