UNI Price Jumps 8% as Hayden Adams Addresses V4 Fee Concerns

Uniswap's UNI token jumped 8% in price after founder Hayden Adams addressed concerns over v4 protocol fees, helping it reclaim the $4 psychological level. The rebound came from a low of $3.74 to a high of $4.06 on Binance.

The daily Relative Strength Index (RSI) reached 66.83, indicating strong momentum without entering overbought territory. However, the token still faces resistance between $4.10 and $4.30 on the 4-hour chart.

Adams clarified that protocol fees would be added to liquidity provider fees instead of being deducted from them. This move aims to alleviate concerns that activating protocol fees would lower returns for liquidity providers.