Uniswap Extends Recovery with Bullish Breakout Above Key Fibonacci Level

Uniswap (UNI) has extended its recovery after breaking above an important technical barrier. The decentralized exchange token climbed to around $4.43, gaining over 10% in the past 24 hours and nearly 15% during the previous week.

The recent breakout above the 0.786 Fibonacci retracement at $4.33 marked a significant shift in market structure. Buyers quickly pushed the price toward the recent swing high near $4.58 before momentum slowed, but traders continue to hold positions instead of locking in profits.

Derivatives data also suggests improving market confidence, with open interest gradually recovering to nearly $323 million after falling sharply from peaks above $700 million recorded during late 2025. However, spot market activity still reflects caution, with net outflows continuing to exceed inflows.