Uniswap Price Soars 11.84% on Confirmed Circle Partnership

Uniswap (UNI) price surged by 11.84% to $4.92, with analysts attributing the gains to the confirmed partnership with Circle, which will deploy Uniswap's decentralized exchange on Arc, Circle's blockchain.

The planned mainnet launch in September is expected to capture additional users and liquidity from the Circle ecosystem, driving increased demand expectations for UNI.

On the hourly chart, UNI/USD is trading above key moving averages, signaling sustained upward momentum in the short, medium, and long term.

The Ichimoku Kijun level of $4.6425 acts as immediate support, with momentum indicators reflecting a bullish environment.