Uniswap prices surge 8%, UNI returns to $4

The Uniswap price rebounded 8% from its intraday low on July 29. Hayden Adams responded to the v4 agreement fee issue, helping UNI regain its footing at the psychological level of US$4.

Summary

UNI rebounded from US$3.74 to US$4.06, with a rebound of more than 8%.

The daily RSI reached 66.83, showing strong momentum but has not yet entered overbought territory.

The 4-hour chart shows that recent resistance is between $4.10 and $4.30.

The rising wedge pattern and the weak ADX value of 19.77 put UNI at short-term correction risk.

Uniswap prices return above US$4

Data shows that the Uniswap (UNI) price was trading at US$4.02 as of the time of publication (based on the currency daily chart) after briefly touching US$4.06. It rebounded by about 8.5% from US$3.74 during the day, up about 3% from the opening price of the day.

UNI has now rebounded more than 70% from its June low of about $2.35. This round of gains has formed a sequence of higher highs and higher lows, bringing prices back to the price range touched in May.

Daily-level momentum is still favorable. UNI traded above SuperTrend support at $3.23, while the Relative Strength Index (RSI) rose to 66.83. The RSI remains below the standard overbought threshold of 70, but readings suggest buying conditions have tightened.

The daily candle chart is also close to the band high of around $4.15 in May. A close above that level would strengthen the view that UNI has moved away from a temporary rebound and entered a broader recovery phase.

Hayden Adams responds to Uniswap v4 fee questions

This round of rally follows comments from Uniswap founder Hayden Adams about the protocol's v4 fee structure. Adams said the agreement fee would be added to, rather than deducted from, the liquidity provider fee. According to his example, a trader using a 30 basis point liquidity provider fee pool would pay a total fee of 35 basis points. Liquidity providers continue to receive 30 basis points, while 5 basis points fall under the agreement.

This clarification responds to market concerns that activating protocol fees will reduce liquidity provider returns and may push funds to competitive decentralized exchanges.

Uniswap also submitted a governance proposal covering v4 pool protocol fees and Robinhood Chain deployment. The proposals would incorporate new agreement revenue into the existing UNI destruction mechanism, creating a clearer link between exchange activities and the circulation and supply of tokens.

Since Robinhood Chain was launched on July 1, this connection has received more attention. According to data, Uniswap incurred approximately US$5.16 million in fees in a 24-hour period in early July, of which approximately US$4.38 million came from Robinhood Chain.

Uniswap's transaction volume on the network exceeded US$1 billion within nine days of its launch. However, future UNI destruction still depends on governance approvals, fee collection, and continued trading activities.

UNI faces resistance in the US$4.10 to US$4.30 range.

The 4-hour chart shows that UNI has exceeded the top of the recent trading range of US$4.00. The next technical level is at $4.10, identified by the Murrey Math indicator as a strong reversal pivot point.

Continued closing above $4.10 may open a path to $4.20 and $4.30. The latter represents the ultimate resistance level for the indicator. On top of that, the chart shows extended targets of $4.40,$4.49 and $4.59.

However, the average directional index (ADX) is 19.77. An ADX reading below 20 suggests that despite the price breakthrough, current trends have not yet generated strong directional confidence.

A week-long CoinGlass liquidation heat chart also shows a dense concentration of leveraged positions in the range of US$3.98 to US$4.03. UNI crossing this area may force some short positions to close, adding buying pressure to the rebound.

Additional liquidity is visible around US$4.07 to US$4.10, making the region a potential short-term price target. On the downside, the main liquidity clusters are located around US$3.90, US$3.72 and US$3.60.

If UNI falls below US$4.00, the 4-hour chart shows US$3.91 as the first support level. Lower levels appear at $3.81 and $3.71. The bullish structure will weaken significantly after falling below the $3.52 support area.

Analyst View: Breakthroughs and pullbacks coexist

Analyst Gopal identified a rising wedge pattern on the UNI chart, pointing out that the token continues to form higher highs and higher lows within a narrowed structure.

According to the analyst, multiple tests of wedge support suggest that bullish momentum may be weakening. A confirmed break below the lower trend line could trigger a deeper correction; a breakthrough at the upper boundary would negate the bearish pattern.

Analyst Nebraska Gooner also described UNI as at resistance. He said regaining the red resistance area on his chart could trigger a squeeze in the moving average and lead to a stronger rebound. If UNI builds support above current obstacles, it targets the $5 area.

These two views make the US$4.10 to US$4.30 range the key to the next move of UNI. Confirming a breakthrough would reduce the risk of an upward wedge, while rejection could push prices back to $3.80 or near the uptrend line.

The U.S. macro environment remains a risk factor for UNI

Uniswap's growth on the Robinhood Chain provides a direct U.S. market correlation for this rally. The network brings decentralized trading infrastructure close to Robinhood's user base, while Uniswap's Permitted Pools can support tokenized funds and stocks subject to investor qualification rules.

Uniswap Labs launched Permitted Pools with Securitize, Superstate and Dowgo as early participants. This v4-based framework allows issuers to control which wallets can trade or provide liquidity, making them more suitable for regulated assets.

Still, the UNI breakthrough came before the Federal Reserve's interest rate decision, which could trigger volatility in U.S. stocks and crypto markets. Hawkish policy signals could weaken demand for risky assets and put pressure on leveraged UNI positions.

As a result, UNI must hold above $4.00 and break past $4.10 to confirm a breakthrough. If it fails to materialize, the rising wedge warning will still be in effect, and $3.81 and $3.71 will be the next prices to pay attention to.