Uniswap Price Eyes Breakout as Double Bottom Pattern Forms

Uniswap's (UNI) price has been showing signs of a potential bullish reversal as buyers defend support and challenge key resistance. According to Crypto With Gopal, UNI is forming a double-bottom pattern on the 15-minute chart, with price holding firmly between $4.25 and $4.30.

The setup could strengthen if UNI maintains this zone and begins challenging the $4.45 resistance level in coming sessions. A convincing breakout above this level can confirm the double bottom pattern and take UNI to the target of $4.70.

Rising Uniswap V4 fee activity highlights growing adoption and trading demand across its expanding multichain ecosystem. The data from MSB Intel shows that Uniswap V4 has experienced its most profitable week ever on the fee front, having raked in an amount of around $15.2 million.